Single Buoy Moorings signs co-operation deal with Mitsubishi.

The long-term deal covers joint lease and operation of worldwide floating production storage and off-loading (FPSO) projects. SBM states:

The partnership will in particular support SBM Offshore in its ambitions to grow the portfolio in major markets such as Brazil where several large FPSO projects are expected to be developed in the coming years...

The two companies have collaborated before.

Partnership for Brazil