Zhitong Finance App News, Bomaike (603727.SH) announced that Tianjin Bomaike Offshore Engineering Co., Ltd. (hereinafter referred to as “Tianjin Bomaike”), a wholly-owned subsidiary of the company, and Single Buoy Moorings Inc. (hereinafter referred to as “SBM”) signed a contract for the construction of the upper module of an offshore floating production, storage and offloading tanker (FPSO). The FPSO will be deployed in South America after construction is completed. The main scope of work covers the design, material procurement, construction, etc. of the upper module of the FPSO. The contract amount is about RMB 16-2.1 billion, which consists of a fixed price portion plus a variable price portion calculated based on the current estimated workload. The final contract amount is based on the amount obtained after accounting for the actual amount of work confirmed by both parties at the end of the contract.

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