SBM Offshore announces it has signed a contract extension related to the lease and operation of FPSOs Mondo and Saxi Batuque with Esso Exploration Angola (Block 15) Limited, as the Operator of Block 15, an affiliate of ExxonMobil. The extension secures ownership and operations by SBM Offshore until 2032.

The agreement includes life-extension activities, for equipment replacement and refurbishment, to maintain high safety standards and ensure operational excellence throughout the contract term. The scope of work is expected to start in 2026.

The extension of the contract marks a recognition of SBM Offshore’s capability to manage complex offshore brownfield work as well as its capabilities in the operation and maintenance of deepwater assets. Through these contracts, SBM Offshore supports Block 15 Contractor Group’s offshore energy objectives in Angola while contributing to the long-term growth in the region.

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.

Øivind Tangen, CEO of SBM Offshore, commented:

“We are very pleased with the contract extension of FPSOs Mondo and Saxi Batuque. This allows us to maintain our structure and scale in Angola, and most importantly to provide job security to our teams. Through this extension, SBM Offshore will continue to generate value to the Angolan energy industry, as we have been for the last three decades. We remain committed to the continued safe and reliable operations through this extension period.”

About SBM Offshore

SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.

More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States.