SBM Offshore signs contract extension of FPSOs Mondo and Saxi Batuque [Yahoo! Finance]
SBM OFFSHORE NV ADR (SBFFY)
NASDAQ:AMEX Investor Relations:
sbmoffshore.com/investor-relations-centre
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Source: Yahoo! Finance
and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, as the Operator of Block 15, an affiliate of ExxonMobil. The extension secures ownership and operations by SBM Offshore until 2032. The agreement includes life-extension activities, for equipment replacement and refurbishment, to maintain high safety standards and ensure operational excellence throughout the contract term. The scope of work is expected to start in 2026. The extension of the contract marks a recognition of SBM Offshore's capability to manage complex offshore brownfield work as well as its capabilities in the operation and maintenance of deepwater assets. Through these contracts, SBM Offshore supports Block 15 Contractor Group's offshore energy objectives in Angola while contributing to the long-term growth in the region. Esso Exploration Angola (Block 15) Limited is the operator of Block 15. Other Block 15 Co-Venturers are Azule Angola Limited, Azule Angola BV, Equinor Angola Block 15 A.S. and Sona
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