On June 29, Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) and China Shipbuilding Trading Co., Ltd. (CSTC), subsidiaries of China State Shipbuilding Corporation Limited (CSSC), officially signed a contract with SBM OFFSHORE for the construction of the seventh generic Fast4Ward® Multi Purpose Floater (MPF7).
The MPF7 features SBM Offshore’s Fast4Ward® proprietary generic standard hull design. This is a standard hull design for Floating Production Storage and Offloading vessels (FPSO), with a storage capacity up to 2.3 million barrels of crude oil, adaptable for a wide range of sea conditions.
The MPF7 will inherit the highly optimized design of its predecessor, including accommodation capacity for up to 240 personnel. The floater's design strictly adheres to stringent international offshore standards, with tailored optimizations in environmental protection, safety, and crew comfort.
Øivind Tangen, CEO at SBM Offshore said: This contract award reflects the robust market outlook and demonstrates how SBM leverages standardization and strategic partnerships for strong competitive positioning. This is the 13th MPF hull ordered to date, with each project providing lessons to further derisk the execution, with improving quality and productivity.
"Signing this agreement for the MPF7 marks an exciting new chapter in our enduring strategic partnership with SBM Offshore, built on deep mutual trust," said Mr. Chen Gang, Chairman of SWS. "As this represents our 7th FPSO hull project, our team is fully committed to leveraging our premier shipbuilding capabilities and lean management principles to deliver this vessel with the highest quality, safety, and environmental standards, continuing to create long-term value for both organizations."
SWS holds the leading track record for FPSO hull construction and delivery among Chinese shipyards. The newly contracted MPF7 will be the 10th FPSO Hull ordered and constructed in SWS. This extensive FPSO Hull portfolio of the shipyard spans a wide range from 1-million-barrel up to 2-million-barrel giants.
