Exxon Mobil Corp. and SBM Offshore have signed a long-term agreement covering potential future floating, production, storage and offloading (FPSO) orders, SBM reported Friday.
The non-exclusive agreement sets the general legal framework and specific terms for the engineering, procurement, construction and installation work on potential future contracts relating to leased FPSOs, SBM explained in a written statement emailed to Rigzone. In addition, SBM noted the deal covers typically short-term Build-Operate-Transfer projects.
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