SBM Offshore has secured contracts worth $250m to supply an oil loading system and design drilling ships and jack-ups.

Work under the first contract includes the engineering, procurement and supply of oil offloading lines and fibre optic cables to be suspended between an FPSO and its deepwater export buoy.

SBM will secure design licence fees from Hyundai Heavy Industries, which will construct and deliver six GustoMSC P10,000-class drillships.

The company will also receive design licence fees from Singapore’s Keppel FELS and Jurong shipyards, which have signed contracts to construct and deliver three GustoMSC CJ70-class cantilever drilling jack-ups with international drilling contractors.

SBM has also received contracts to supply associated equipment for the jack-ups.