BOMESC signed a contract for the offshore floating production storage and offloading (FPSO) project, with a contract amount of approximately USD 190-240 million
BOMESC signed a contract for the offshore floating production storage and offloading (FPSO) project with a subsidiary of MODEC Inc., with a contract amount of approximately USD 190-240 million. The project mainly involves the design, material procurement, and construction of the upper modules of the FPSO, and the final amount will be confirmed based on the actual completed workload
According to the announcement from Zhitong Finance APP, BOMESC (603727.SH) announced that the company and its wholly-owned subsidiary Tianjin BOMESC Ocean Engineering Co., Ltd. (hereinafter referred to as "Tianjin BOMESC") have signed contracts for the offshore floating production storage and offloading (FPSO) project with MODEC Inc. (hereinafter referred to as MODEC) subsidiary Offshore Frontier Solutions Pte. Ltd. (hereinafter referred to as OFS), ABB PTE. LTD. (hereinafter referred to as ABB), and VWS Westgarth Limited (hereinafter referred to as VWS). This FPSO, upon completion of construction, will be deployed in the Guyana oil field. The main scope of work includes the design, material procurement, and construction of the FPSO's upper modules, with a contract amount of approximately USD 190-240 million, consisting of a fixed price portion and a variable workload portion based on current estimates. The final contract amount will be determined based on the actual workload confirmed by both parties at the end of the contract
