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US$800m raised for world's deepest FPSO

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TIME TO CELEBRATE: Turritella's naming ceremony at Keppel Shipyard in Singapore. After a 28-month conversion at the shipyard, the vessel set sail in October for the Stones field development in the Gulf of Mexico.

Singapore

SBM Offshore and its joint-venture partners have completed the project financing for the world's deepest floating production, storage and offloading (FPSO) vessel Turritella, slated to go on a multi-year contract at Shell-operated Stones field development in the Gulf of Mexico

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