SBM Offshore announced it has signed contracts with Petr?leo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre deGusm?o. These contracts follow the signing of the binding Letter of Intent as announced on August 3, 2021. FPSO Alexandre deGusm?o will be deployed at the Mero field in the Santos Basin offshore Brazil, approximately 160 kilometers from Arraial do Cabo, Rio de Janeiro state. Mero is a project under Libra Consortium responsibility, in which Petrobras is the operator with 40% and with the following partners: Shell Brasil with 20%, TotalEnergies with 20%, CNODC and CNOOC Limited with 10% each, together with Pr?-sal Petr?leo S.A. (PPSA) as manager of this contract. SBM Offshore is progressing with the design and construction using its industry leading Fast4Ward? program. First oil is expected in 2025.