A letter of intent, or LOI, Jones says, “outlines the basic terms of a proposed contract, lease or option (and is) sent to the property owner in hopes that an eventual agreement will be accepted.

Nexus Floating Production has signed a Letter of Intent (LOI) with Burgundy Global Exploration Corporation (BGEC) for the lease of the FPSO Nexus#1. The contract is for a period of seven years ...

SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate contract for the FPSO ...