ExxonMobil extends FPSO contracts, GEPetrol purchases one

SBM Offshore has divested a floating production storage and offloading (FPSO) vessel and secured charter extensions for two others in West Africa.

ExxonMobil plans to prolong oil and gas production from two deepwater fields offshore Angola as it has found more reserves in Block 15. As a consequence, the US oil major has extended its lease for two FPSOs producing oil from these fields for another five years.

SBM Offshore’s FPSOs Mondo and Saxi Batuque will now be chartered by ExxonMobil affiliate Esso Exploration Angola until 2032.

SBM said the agreement includes life-extension work, including replacing equipment and refurbishment to maintain high safety standards and ensure their operation throughout the extended contract term, starting in 2026.

Both Bahamas-flagged FPSOs were converted from very large crude carriers in 2007 as part of the Kizomba C development, and have been operating for 18 years in Block 15.

FPSO Mondo was originally 1975-built Stena Constellation and FPSO Saxi Batuque was 1977-built Litiopa.

Esso Exploration operates the Kizomba fields in block 15 with BP-Eni joint venture Azule, Equinor and Angolan state energy company Sonangol.