The Netherlands-headquartered SBM Offshore has signed a contract extension related to the lease and operation of FPSOs Mondo and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, an affiliate of US-based oil major ExxonMobil.
The signed extension secures ownership and operations by SBM Offshore until 2032. The agreement includes life-extension activities, for equipment replacement and refurbishment.
The scope of work is expected to start in 2026.
Esso Exploration Angola (Block 15) Limited is the operator of Block 15. Other Block 15 Co-Venturers are Azule Angola Limited, Azule Angola BV, Equinor Angola Block 15 A.S. and Sonangol E&P.
“We are very pleased with the contract extension of FPSOs Mondo and Saxi Batuque. Through this extension, SBM Offshore will continue to generate value to the Angolan energy industry, as we have been for the last three decades,” Øivind Tangen, CEO of SBM Offshore said.
