BOMESC Offshore Engineering has booked a topside module construction contract worth RMB 1.6–2.1 billion (approximately USD 239–313 million) from Single Buoy Moorings, the FPSO specialist within the SBM Offshore group.

The contract, signed by BOMESC's wholly-owned subsidiary Tianjin Bomesc Offshore Engineering, became effective on September 24, 2026, according to the company's September 29 announcement. It covers the design, material procurement, and construction of topside modules for a floating production, storage, and offloading (FPSO) unit.

Completion is scheduled for the second half of 2028. The modules will be fabricated at the BOMESC Lingang Offshore Heavy Industry construction base near Tianjin. Once assembled, the FPSO is destined for deployment in South America, extending a construction chain that now runs from the Chinese fabrication yard to deepwater production acreage across the Pacific.

The award consolidates a working relationship that stretches back several years. BOMESC noted that its Tianjin facility was the first construction site in China for Single Buoy Moorings' topside modules, and that it delivered the FPSO SEPETIBA — the first FPSO project in which the entire workflow, from hull construction through topside module fabrication to final assembly, was completed domestically in China.

BOMESC said the successful execution of the new FPSO project will further strengthen the partnership between the two parties and lay a foundation for future business development.

The order lands amid a busy stretch for Chinese offshore fabrication capacity. In the same late-September window, DSOC secured a USD 264 million order for two 400-foot jack-up drilling rigs from CPOE, and McDermott Qingwu signed its third LNG module construction contract with Technip Energies — signals that both upstream drilling and floating production module demand are filling Chinese yard slots well into the decade.

For SBM Offshore, the contract extends a supply chain it has deliberately built out in Chinese yards, using local fabrication to hold module costs down on its leased-FPSO business model, in which the company designs, builds, and operates the units under long-term charters with operators.

The watch item: module delivery in the second half of 2028, and confirmation of which South American project the newbuild FPSO will serve once SBM discloses the end client.