Offshore contractor SBM Offshore has locked in a contract extension for the lease and operation of two floating production storage and offloading vessels on Block 15 offshore Angola, ensuring its presence in one of Africa’s most productive oil regions through 2032.
The agreement, signed with Esso Exploration Angola (Block 15) Ltd., an ExxonMobil affiliate and block operator, covers the FPSOs Mondo and Saxi Batuque. The extension includes comprehensive life-extension activities such as equipment replacement and refurbishment designed to maintain safety, reliability, and operational performance over the next decade. Work under the new scope is scheduled to begin in 2026.
SBM Offshore emphasized that the contract demonstrates its capabilities in managing complex brownfield offshore projects and operating deepwater floating production systems. The two FPSOs are critical assets supporting ongoing production from Block 15, one of Angola’s cornerstone offshore developments.
“We are very pleased with the contract extension of FPSOs Mondo and Saxi Batuque,” said Øivind Tangen, CEO of SBM Offshore. “This allows us to maintain our structure and scale in Angola and, most importantly, provide job security to our teams. We remain committed to safe and reliable operations throughout the extension period.”
Block 15 is operated by Esso Exploration Angola (Block 15) Ltd., with partners including Azule Angola, Equinor Angola Block 15 A.S., and Sonangol E&P. SBM Offshore has maintained operations in Angola for more than three decades, and the company stated that the extension reinforces its long-term commitment to supporting the country’s offshore energy sector.
Source: worldoil.com