SBM Offshore Hands over FPSO Turritella to Shell
SBM Offshore said it has completed the transaction related to the sale of floating production storage and offloading (FPSO) vessel Turritella to Shell E and P Offshore Services B.V.
Shell exercised an option to purchase the FPSO from SBM Offshore in summer 2017.
The Turritella FPSO is contracted for the Stones deepwater development in the Gulf of Mexico, which began production in 2016.
The vessel has a daily production capacity of approximately 60,000 barrels of oil and 15 million cubic feet of natural gas.