SBM Offshore - FPSO Mystras Purchase Option Exercised - FPSO Falcon Lease Extension

abarrelfullabarrelfull wrote on 23 Dec 2013 11:41

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21 May 2008

FPSO Mystras Purchase Option Exercised

FPSO Mystras Producao de Petroleo LTDA (FMPP), a 50% owned subsidiary of SBM Offshore N.V., has received a notice from Agip Energy and Natural Resources (Nigeria) Ltd (AENR), exercising AENR’s option under the current Service Agreement to purchase the FPSO Mystras.

Full delivery pursuant to the purchase option is scheduled to take place at the FPSO's present location in the Okono and Okpoho fields offshore Nigeria on 16 July 2008. Responsibilities of the owner for the management, operation and maintenance were transferred to AENR as of 16 May 2008.

FPSO Falcon Lease Extension

A one-year extension of the lease and operate contract for the FPSO Falcon has been obtained from Esso Deepwater Limited, a subsidiary of ExxonMobil. The FPSO Falcon, which is fully owned and operated by SBM Offshore N.V., is consequently under contract until 23 November 2009.

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