Rigs and Vessels

Oil companies paying up to $1 billion extra in tight FPSO market, says SBM Offshore boss

Market dynamics force oil companies into costly turnkey contracts with adverse schedule impacts

Costly market: SBM Offshore chief executive Bruno Chabas at Shanghai Waigaoqiao Shipbuilding yard, China in 2018
Costly market: SBM Offshore chief executive Bruno Chabas at Shanghai Waigaoqiao Shipbuilding yard, China in 2018Photo: XU YIHE/UPSTREAM
London
Published 4 August 2022, 12:56Updated 10 August 2022, 10:14
SBM OffshoreBruno ChabasAfricaAmericasAsia & Oceania