SBM Offshore awarded Letter of Intent for FPSO Mero 2 lease and operate contracts by Petrobras
June 11 2019 - 1:30AM
June 11, 2019
SBM Offshore is pleased to announce that it has
signed a Letter of Intent (LOI) together with Petróleo Brasileiro
S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2,
to be deployed at the Mero field in the Santos Basin offshore
Brazil, 180 kilometers offshore Rio de Janeiro.
The Libra block, where the Mero field is
located, is under Production Sharing Agreement to a Consortium
comprised of Petrobras, as the Operator, with 40 percent, Shell
with 20 percent, Total with 20 percent, CNODC with 10 percent and
CNOOC Limited with 10 percent interest. The Consortium also has the
participation of the state-owned company Pré-Sal Petróleo SA (PPSA)
as manager of the Production Sharing Contract.
SBM Offshore will design and construct the FPSO
Mero 2 using its industry leading Fast4WardTM program as it
incorporates the Company’s new build, multi-purpose hull combined
with several standardized topsides modules. This means that two out
of three Fast4WardTM hulls currently under construction have now
formally been allocated to projects.
The FPSO will be designed to produce 180,000
barrels of oil per day. Furthermore the FPSO will have a water
injection capacity of 250,000 barrels per day, associated gas
treatment capacity of 12 million standard cubic meters per day and
a minimum storage capacity of 1.4 million barrels of crude oil. The
weight of the FPSO topside modules will be around 33,000 tons. The
FPSO will be spread moored in approximately 2,000 meters water
depth. Delivery of the FPSO is expected in 2022.
Bruno Chabas, CEO of SBM Offshore commented:
“The signing of this Letter of Intent
demonstrates again that SBM Offshore has started a new era of
growth. Not only does this award represent the Company’s re-entry
in Brazil, one of the most important markets for the Company with
one of our key customers, it also re-confirms the competitiveness
of our Fast4WardTM concept while expanding its geographical
reach.”
Eduardo Chamusca, Country Manager Brazil of SBM
Offshore commented:
“We at SBM Offshore Brazil are very excited with
the winning of this important project. We see this as the start of
a new growth phase in one of SBM Offshore’s home markets, supported
by around one third of SBM Offshore’s global manpower in Brazil.
The FPSO Mero 2 represents a new generation of complex pre-salt
FPSOs and as such is extending our significant experience base and
track record in country. The team in Brazil is ready to support
flawless execution of this project and ensure reliable operations
for its lease period thereafter. Energy. Committed!”
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
lifecycle. The Company is market leading in leased floating
production systems delivered to date, 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 solutions for the offshore energy industry.
As of December 31, 2018, Group companies employ
approximately 4,350 people worldwide, including circa 650
contractors, which are spread over offices in key markets,
operational shore bases and the offshore fleet of vessels. Group
Companies employ a further 400 people, working for the joint
ventures with two 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 11, 2019
Financial Calendar |
Date |
Year |
Half-Year 2019 Earnings – Press Release |
August 8 |
2019 |
Trading Update 3Q 2019 – Press Release |
November 14 |
2019 |
Full-Year 2019 Earnings – Press Release |
February 13 |
2020 |
Annual General Meeting of Shareholders |
April 8 |
2020 |
Trading Update 1Q 2020 – Press Release |
May 14 |
2020 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraDirector Corporate Finance and IR
Telephone: |
+31 (0) 20 236 3222 |
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations Vincent
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.
- SBM Offshore awarded letter of intent for FPSO Mero 2
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