SBM Offshore signs long-term FPSO supply agreement with ExxonMobil
September 06 2019 - 01:30AM
SBM Offshore signs long-term FPSO supply agreement with ExxonMobil
September 6, 2019
SBM Offshore and ExxonMobil signed a Long-Term Agreement
covering potential future FPSO orders. This agreement is
non-exclusive and establishes the general legal framework and
specific terms in relation to the engineering, procurement,
construction and installation work regarding potential future
contracts relating to leased FPSOs, which includes
Build-Operate-Transfer projects that generally cover a short lease
term.
The relationship between SBM Offshore and
ExxonMobil is well-established and goes back over four decades,
starting in the 1970s. During this period, SBM Offshore has
supplied more than ten floating systems to ExxonMobil in five
countries, including five FPSOs, deep water offloading systems and
an FSO. Additionally, multiple major projects are currently
in various stages of progress.
Bruno Chabas, CEO of SBM Offshore commented:“We
are very pleased with the long-term FPSO supply agreement with
ExxonMobil. This agreement is a continuation of our long history of
successful team work between our companies, further strengthening
our long term cooperation.”
Séverine Baudic, Managing Director Floating
Production Solutions of SBM Offshore commented:“This agreement aims
at extending our constructive business relationship with ExxonMobil
that has been created through delivering a series of major offshore
projects together. We look forward to continue working together in
the future and expanding our track-record of reliable execution on
deep water projects.”
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,
September 6, 2019
Financial Calendar |
Date |
Year |
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 signs long-term FPSO supply agreement with
ExxonMobil
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