Oil services company SBM Offshore NV (SBMO.AE) said Wednesday it received a $1.2 billion order from U.S.-based Noble Energy Inc (NBL) for the development of the Aseng oil field, offshore Equatorial Guinea.

SBM said it will lease and operate a floating production storage and offloading system, or FPSO, for a period of up to 15 years.

The Aseng FPSO will be the company's second operated unit in Equatorial Guinea and its ninth operated facility offshore West Africa, SBM Offshore said.

SBM Offshore is a technology provider to the oil and gas industry. Its key business is the building, operating and leasing of FPSOs. These vessels are normally located near oil platforms at remote or deepwater locations, where they are used for oil processing, storing and offloading.

SBM Offshore supplies its clients, mainly the major oil companies, on a turnkey basis by selling ready-to-use vessels. It also leases and operates them under long-term contracts, a more profitable business.

- By Maarten van Tartwijk; Dow Jones Newswires; +31 20 571 5201; maarten.vantartwijk@dowjones.com