. DeepDraft® Semi-Submersible Production Facility for Tubular Bells field in the GOM.
A letter of agreement has been signed for the provision, lease and operation of a semi-submersible production facility for the Tubular Bells field in the Gulf of Mexico (GOM). The agreement allows SBM Offshore to start engineering and commit substantial hardware investment in the facility until final sanction which has been scheduled for the second quarter of 2011.

The final lease and operate contract will be based on a production handling agreement for the facility for an initial 5 years period.

The initially committed value is limited to US$ 170 million and SBM Offshore will design, construct, install, and operate the production facility.