Dutch floater specialist SBM Offshore has moved into pole position to secure a hard-fought contract from US supermajor ExxonMobil covering front-end engineering and design of a landmark floating production, storage and offloading vessel to be installed at the billion-barrel deep-water Liza oil discovery off Guyana.

Multiple sources told Upstream that SBM has emerged as frontrunner in a two-horse race against Japanese rival Modec and suggested that an award could be made as soon as this month.

Confirmation