SBM Offshore announces it has received a letter from BP Exploration Operating Company Ltd confirming full project sanction for the supply of an internal turret mooring system for the Quad 204 FPSO project.
The contract consists of engineering, procurement and construction of an internal turret mooring system for the FPSO for the Quad 204 development. The Front End Engineering and Design (FEED) phase of the project has been completed and, with full project sanction confirmed, continues into the final engineering, procurement and construction phase.
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Source: SBM Offshore, July 14, 2011.