SBM Offshore Awarded Turnkey and Lease and Operate Contracts for the ExxonMobil Liza FPSO
June 22 2017 - 1:31AM
June 22, 2017
SBM Offshore is pleased to announce that
ExxonMobil has formally confirmed the award of contracts for the
next phase of the Liza project in Guyana. Under these contracts,
SBM Offshore will construct, install, lease and operate a floating
production, storage and offloading vessel (FPSO). This follows
completion of front-end engineering studies and the final
investment decision on the project by ExxonMobil.
The Liza field is located in the Stabroek block,
which covers almost 27,000 square kilometers, circa 200 kilometers
offshore Guyana. Esso Exploration and Production Guyana Limited is
the operator and holds a 45 percent interest in the Stabroek block.
Hess Guyana Exploration Ltd. holds a 30 percent interest, and CNOOC
Nexen Petroleum Guyana Limited holds a 25 percent interest.
The FPSO is designed to produce up to 120,000
barrels of oil per day, will have associated gas treatment capacity
of circa 170 million cubic feet per day and water injection
capacity of circa 200,000 barrels per day. The converted VLCC FPSO
will be spread moored in water depth of 1525 meters and will be
able to store 1.6 million barrels of crude oil.
SBM Offshore CEO Bruno Chabas commented:
"We are proud that ExxonMobil awarded SBM
Offshore the contracts for the Liza FPSO. The Liza Field
offshore Guyana is one of the industry's largest oil discoveries of
the past decade. We look forward to cooperating closely with our
client and partners to make this project a success. This award
underlines SBM Offshore's continued focus on building on our
experience, our long term relationships and FPSO-led strategic
vision."
Corporate Profile
SBM Offshore N.V. is a listed holding company
that is headquartered in Amsterdam. It holds direct and indirect
interests in other companies that collectively with SBM Offshore
N.V. form the SBM Offshore group ("the Company").
SBM Offshore provides floating production
solutions to the offshore energy industry, over the full product
life-cycle. The Company is market leading in leased floating
production systems with multiple units currently in operation and
has unrivalled operational experience in this field. The Company's
main activities are the design, supply, installation, operation and
the life extension of Floating Production, Storage and Offloading
(FPSO) vessels. These are either owned and operated by SBM Offshore
and leased to its clients or supplied on a turnkey sale basis.
As of December 31, 2016, Group companies employ
approximately 4,750 people worldwide. Full time company employees
totaling c. 4,250 are spread over five regional centers, ten
operational shore bases and the offshore fleet of vessels. A
further 500 are working for the joint ventures with several
construction yards. For further information, please visit our
website at www.sbmoffshore.com.
The companies in which SBM Offshore N.V.
directly and indirectly owns investments are separate entities. In
this communication "SBM Offshore" is sometimes used for convenience
where references are made to SBM Offshore N.V. and its subsidiaries
in general, or where no useful purpose is served by identifying the
particular company or companies.
The Management BoardAmsterdam, the Netherlands,
June 22, 2017
Financial Calendar |
Date |
Year |
Half-Year 2017 Earnings - Press Release |
August 8 |
2017 |
Trading Update 3Q 2017 - Press Release |
November 7 |
2017 |
Full-Year 2017 Earnings - Press Release |
February 7 |
2018 |
Annual General Meeting of Shareholders |
April 11 |
2018 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraInvestor Relations Director
Mobile
NL:Mobile MC: |
+31 (0)
6 2114 1017+33 (0) 6 4391 9302 |
Telephone: |
+377
9205 1732 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsVincent KempkesGroup
Communications Director
Telephone: |
+31 (0)
20 2363 170 |
Mobile: |
+31 (0)
6 25 68 71 67 |
E-mail: |
vincent.kempkes@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Disclaimer
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation. Some of the statements contained in this release
that are not historical facts are statements of future expectations
and other forward-looking statements based on management's current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and
uncertainties, which may cause actual results and performance of
the Company's business to differ materially and adversely from the
forward-looking statements. Certain such forward-looking statements
can be identified by the use of forward-looking terminology such as
"believes", "may", "will", "should", "would be", "expects" or
"anticipates" or similar expressions, or the negative thereof, or
other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentions. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in this release as anticipated, believed, or
expected. SBM Offshore NV does not intend, and does not assume any
obligation, to update any industry information or forward-looking
statements set forth in this release to reflect subsequent events
or circumstances. Nothing in this press release shall be deemed an
offer to sell, or a solicitation of an offer to buy, any
securities.
Attachments:
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