The Fast4Ward FPSO is designed to be completed in six to 12 months faster than the three-year construction for a standard third-generation FPSO. The second FPSO hull of SBM is scheduled to start construction in January 2019. SWS will continually provide EPC service.
“The timing of our Fast4Ward strategy fits in perfectly with the market upturn. We have been preparing for this exact scenario since 2014 and today, we see tangible evidence of how Fast4Ward matches the industry’s need for cost-conscious, standardized solutions, which de-risk and accelerate projects. Major players are starting to invest in projects and are seriously considering our game-changing solution.” SBM Offshore ceo Bruno Chabas said.
In August 2018, SBM offshore announced its intention to apply the Fast4Ward to its overall offering of products and services. The program has been designed to standardize the FPSO construction and delivery process at substantially lower cost.
SBM Offshore provides floating production solutions to the offshore energy industry. The company’s main activities are the design, supply, installation, operation and the life extension of FPSO vessels.