SBM Offshore saw its net profit drop in the first half but is targeting nearly 10 floating production, storage and offloading projects for potential contract awards until the end of 2021.
The Dutch contractor has identified more than 25 potential FPSO awards industry-wide in the next two-and-a-half years out of some 35 prospects, but only around nine projects are in its target market of large floaters — typically units above 100,000 barrels per day capacity.
