SBM clinches FSO build/lease contract for Trion oil project

Aug. 8, 2024
Under the contract, SBM will also lease the FSO to Woodside for 20 years.

SBM Offshore will construct a floating storage and offloading (FSO) unit for Woodside Energy’s deepwater Trion oil project in the Perdido Belt of the western Gulf of Mexico. 

Under the contract, SBM will also lease the FSO to Woodside for 20 years. Last October, Woodside awarded the company the transport and installation contract for the FSO and Trion’s floating production unit.

The newbuild FSO, based on a Suezmax-type hull, will feature an SBM-designed disconnectable turret mooring system. The vessel, to be moored in 2,500 m water depth, will be able to store around 950,000 bbl of crude oil.

Trion, 180 km from the Mexican coast and 30 km south of the US/Mexico maritime border, is a partnership between operator Woodside (60%) and Pemex (40%).

In a trading update, SBM has issued a status report on its FPSO construction programs. Early this month, the Almirante Tamandaré left the yard in China following completion of the topsides integration and the onshore commissioning campaign.

It is due to be delivered to Petrobras’ Búzios Field in the Santos Basin offshore Brazil later this year and should produce first oil in early 2025.

Topside module lifting have finished on the FPSO Alexandre de Gusmão for the Mero field development, also in the Santos basin. Integration and commissioning activities continue and first oil is expected in 2025.

FPSO ONE GUYANA’s topside modules lifting campaign has also concluded, with integration/commissioning progressing. First oil is expected in second-half 2025.

The Fast4Ward MPF hull for the FPSO Jaguar was recently launched out of drydock. First oil is expected in 2027.

Early last month, SBM ordered its ninth Fast4Ward MPF hull to support tendering activities. Another hull has been reserved for TotalEnergies’ Block 58 development offshore Suriname.

In June, SBM handed over operations of the FPSO Serpentina to GEPetrol in Equatrial Guinea. The vessel was previously operated by Gepsing, a subsidiary owned by SBM and GEPetrol.

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Courtesy SBM Offshore / GustoMSC via aukevisser.nl
Courtesy SBM Offshore
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