In addition to the leasing and the operation of the production facility, SBM will also provide field-wide logistics and operations under the contract. The term of the contract will be for a minimum period of eight years with annual extension provisions to a maximum of twelve additional years.
The Deep Panuke Production Field Center (PFC) will produce market-ready gas exported through a subsea pipeline to customers in Canada and the northeastern United States. It will be the third application of the SBM Offshore MOPU/MOPUstor technology and proves again the cost effectiveness of this concept in a broad field of applications, this time in the extreme weather environment of the North Atlantic.
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