economyDevelopingUpdated 3 h ago · since 29 Sept 2026

Bomao Offshore signs FPSO topsides construction contract worth 1.6 to 2.1 billion yuan with SBM

According to 36Kr, Bomao Offshore announced that its wholly owned subsidiary Tianjin BomaoKe signed an FPSO topsides upper module construction contract with SBM Offshore, valued at about 1.6-2.1 billion yuan, consisting of a fixed price plus variable price. The FPSO is to be deployed in South America, covering upper module design, procurement, and construction, with completion planned for the second half of 2028. The contract will secure the company's workload and positively impact current and future performance.

1 source1 country1 article1 independent outletsSource strength 22/100 ⓘBomao OffshoreSBM Offshore
Bomao Offshore signs FPSO topsides construction contract worth 1.6 to 2.1 billion yuan with SBM
coda.news analysis

Key facts

  1. 01The contract is between Tianjin BomaoKe (a wholly owned subsidiary of Bomao Offshore) and SBM Offshore.
  2. 02The FPSO topsides upper module construction is the subject of the contract.
  3. 03Contract value is about 1.6-2.1 billion yuan (fixed price plus variable price).
  4. 04Completion is planned for the second half of 2028 in South America, with scope including design, procurement, and construction of the upper module.

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