SBM Offshore has a Letter of Intent (LOI) from ENI to relocate the Xikomba FPSO to Block 15/06 offshore Angola.
The unit has been operating for ExxonMobil in Angola since 2003, and following the notice of termination, the vessel is scheduled to stop operating in the first half of 2011. Xikomba FPSO will undergo a major upgrade in order to meet the new project specific requirements.
The LOI covers the early phase of the project, and allows SBM Offshore to start engineering and procurement. The full-scope, 12-year lease and operate contracts are expected to be finalized in the coming months.
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