AMSTERDAM, July 3 (Reuters)– Dutch aquatic designer SBM Offshore has actually won an agreement to provide a brand-new manufacturing vessel for oil significant Exxon Mobil in Guyana, establishing its shares on the right track for their greatest gain in virtually 2 years.

Under the regards to the bargain, SBM will certainly craft as well as create a 2nd drifting manufacturing, storage space as well as unloading vessel (FPSO) for the Liza oil as well as gas area in Guyana’s Stabroek block.

Following federal government authorization, the firm will certainly additionally create as well as mount the vessel as well as will certainly run it for 2 years, after which the possession will certainly move to Exxon subsidiary Esso Exploration as well as Production Guyana.

Financial information of the agreement were not revealed.

The bargain is “very positive” for SBM, KBC Securities expert Cedric Duinslaeger stated in a note, as the brand-new FPSO will certainly be significantly bigger in dimension than the very first one Exxon Mobil purchased from SBM for the Liza area.

SBM shares traded up 8.8 percent at 14.09 euros at 0906 GMT.

The shares are down greater than 4 percent on the year, as the firm is still waiting for the final thought of a Brazilian examination right into its duty in corruption instances. The probe has actually required it to suspend its participation in tenders with Brazilian oil firm Petrobras, a significant client.

In 2014, SBM paid $240 million to Dutch as well as united state authorities in an out-of-court negotiation connected to bribery in Brazil, its biggest market, where oil firm Petrobras (PETR4.SA) was its primary customer. (Reporting by Bart Meijer; Editing by Jan Harvey)

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