New Wave Media

November 24, 2014

FPSO Cidade de Ilhabela Formally on Hire

 

SBM Offshore is pleased to announce FPSO Cidade de Ilhabela is formally on hire after achieving first oil and completing a 72 hour continuous production test leading to Production Acceptance Notice (PAN).  The FPSO will operate under a twenty year charter and operate contract with Petrobras S.A. on the Sapinhoá field development in the Brazilian pre-salt.

The unit is owned and operated by a Joint Venture formed by SBM Offshore (62.25% ownership stake) and its partners.

• SBM Offshore • Petrobras SA

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