SBM Offshore Granted FPSO Extension

SBM Offshore has received an extension of 26 months for the lease and operating contract of the FPSO Marlim Sul from Petrobras. This extension will begin in April 2012, at the end of the initial lease period which was 8 years.

FPSO Marlim Sul is capable to process 100,000 bpd of crude oil production and 2.3 million Sm3/d of gas compression. The produced gas is exported through Campos Basin pipelines. The process plant includes gas treatment and compression, as well as water injection facilities.

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Brent Crude Oil : $48.6/BBL 1.12%
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