SBM Offshore says that the full scope turnkey supply contract for a disconnectable FPSO for Woodside Energy Ltd and the Cossack Wanaea Lambert Hermes (CWLH) Joint Venture has been signed. The project has already started in May 2008 under a Letter of Intent.

The FPSO will replace the currently operating FPSO Cossack Pioneer in the fourth quarter of 2010.

The SBM Offshore owned Okha FSO will be used for conversion into an FPSO with a disconnectable turret. The Okha FSO is currently under contract with SEIC for operation in Sakhalin until December this year. It will sail to Keppel shipyard in Singapore for conversion and integration of the process modules and turret.

The CWLH project is one of Australia's most productive oil developments and is located 135km northwest of Karratha in Western Australia. The CWLH Joint Venture participants are BHP Billiton Petroleum (North West Shelf) Pty Ltd, BP Developments Australia Pty Ltd, Chevron Australia Pty Ltd, Japan Australia LNG (MIMI) Pty Ltd and Operator Woodside Energy Ltd.

Tags: SBM Offshore N.V., Woodside Energy Ltd.