It was the original intention of the supermajor to buy the vessel, currently on location at the Zafiro field off Equatorial Guinea, but SBM parent company IHC Caland said ExxonMobil "has decided for the moment to continue the long-term lease of the FPSO".
IHC said: "Although the sale of the unit would have had short-term benefits, the long-term lease will be overall more profitable, and the decision not to purchase will have no adverse financial consequences for the group."
The
