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LongbridgeAI

BOMESC: Signed a significant contract worth 750 million to 1 billion yuan with STS

USHK News
Jan 16, 2025 at 07:32 AM

Jin Shi Data reported on January 16 that BOMESC announced that the company has signed a construction contract for the upper module of the Floating Production Storage and Offloading (FPSO) vessel with STS, with a contract amount ranging from RMB 750 million to 1 billion. Once completed, the FPSO will be deployed in the Suriname oil field, with the main scope of work covering the design, material procurement, and construction of the FPSO upper module. The contract will take effect in January 2025 and is scheduled for completion in January 2027. The contract amount consists of a fixed price portion and a variable work volume based on current estimates, with the final amount determined by the actual work completed. The signing of the contract will have a positive impact on the company's current and future annual performance, but the specific impact amount cannot yet be estimated

Source: USHK News The copyright of this article belongs to the original author/organization.

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