The vessel in question is the culmination of SBM’s work on its so-called Fast4Ward FPSO concept, which it has been developing over the past two-and-a-half years, aimed to reduce cost and delivery time on large floater projects.
(Click here to read a recent article from Upstream Technology on SBM's Fast4Ward concept.)
SBM’s chief financial officer Peter van Rossum, while acknowledging that contracting activity for FPSOs has been at a standstill of late, said the company is negotiating with yards and aims to place an award “later this year”.
