Shell Arrange for FPSO Vessel Conversion
SBM Offshore receives interim award for Fram FPSO from Shell under framework agreement
SBM Offshore announces that it has received a letter of interim award (LOIA) from Shell for the supply, lease and operation of a FPSO for the Fram field in the UK sector of the North Sea.
The LOIA allows SBM Offshore to commence engineering and procurement of long lead items to ensure timely completion of the planned Fram FPSO project, which is subject to a final investment decision.
The hull of the FPSO will be based on a converted Aframax tanker and will incorporate an internal turret permanent mooring system.
The crude will be offloaded to shuttle tankers and the gas exported via the existing Fulmar pipeline.