FPSO Turritella Producing, On Hire
in the Walker Ridge area. The lease and operate contracts include an initial period of 10 years with future extension options up to a total of 20 years. The FPSO is owned and operated by a Joint Venture owned by affiliated companies of SBM Offshore, Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha in which SBM Offshore's shareholding is 55 percent
Shipping Industry Signs Up to Pilot XVELA Platform
have committed to pilot XVELA to date include terminal operators Hamburger Hafen und Logistik AG (HHLA), PSA International (PSA), DP World, Modern Terminals Limited (MTL), and Port of Tanjung Pelepas, along with ocean carriers Maersk Line, MCC Transport, Orient Overseas Container Line (OOCL), Nippon Yusen Kabushiki Kaisha (NYK Line), and Hapag-Lloyd, who previously announced their agreement to pilot XVELA on February 17, 2016. “Clearly the industry sees the value to be gained from the real-time information sharing and collaboration capabilities XVELA offers,” said Christopher Mazza
SBM Offshore Completes $1.55 bln FPSO Financing
million and UKEF $53 million; NEXI covered tranche of $400 million; and uncovered commercial tranche of $350 million. FPSO Cidade de Saquarema is owned and operated by a joint venture owned by affiliated companies of SBM Offshore (56 percent), Mitsubishi Corporation (20 percent), Nippon Yusen Kabushiki Kaisha (19 percent), and Queiroz Galvão Óleo e Gás S.A. (5 percent). The vessel has processing capacity of up to 150,000 barrels of crude oil and 6 million cubic meters of gas per day, and storage capacity of approximately 1.6 million barrels of crude oil. The joint venture
SBM Offshore Divests Stake in Turritella Project
SBM Offshore has entered an agreement with Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) for the acquisition of a stake in the joint venture companies incorporated for the purpose of owning and operating Floating Production Storage and Offloading (FPSO) Turritella, the company announced today. Mitsubishi Corporation (30 percent interest) and NYK Line (15 percent interest) have acquired a 45 percent combined stake in the joint venture companies. SBM Offshore, MC and NYK Line are also partners in other joint venture companies incorporated for the purpose of owning and
February 2025
