SBM Offshore Awarded Contracts for ExxonMobil Guyana’s FPSO Jaguar
April 12 2024 - 7:28AM
April 12, 2024
SBM Offshore is pleased to announce that
ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of
contracts for the Whiptail development project located in the
Stabroek Block in Guyana. Under these contracts, SBM Offshore will
construct and install FPSO Jaguar. Ownership will transfer to EMGL
prior to the FPSO’s installation in Guyana, and SBM Offshore
expects to operate the FPSO for 10 years under the Operations and
Maintenance Enabling Agreement signed in 2023. The award follows
completion of front-end engineering and design studies, receipt of
requisite government approvals and the final investment decision on
the project by ExxonMobil and block co-venturers.
The Whiptail development is the sixth
development within the Stabroek block, circa 200 kilometers
offshore Guyana. EMGL is the operator and holds a 45 percent
interest in the Stabroek block, Hess Guyana Exploration Ltd. holds
a 30 percent interest and CNOOC Petroleum Guyana Limited, holds a
25 percent interest.
The FPSO Jaguar’s design is based on SBM
Offshore’s industry leading Fast4Ward® program that incorporates
the Company’s 7th new build, multi-purpose floater hull combined
with several standardized topsides modules. The FPSO will be
designed to produce 250,000 barrels of oil per day, will have
associated gas treatment capacity of 540 million cubic feet per day
and water injection capacity of 300,000 barrels per day. The FPSO
will be spread moored in water depth of about 1,630 meters and will
be able to store around 2 million barrels of crude oil.
SBM Offshore remains committed to working with
Guyanese companies and will continue to expand these activities.
More Guyanese engineers will be recruited and employed as part of
the FPSO Jaguar project team.
Corporate Profile
SBM Offshore designs, builds, installs and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for alternative energy sources.
More than 7,400 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable and
affordable energy from the oceans for generations to come.
For further information, please visit our
website at www.sbmoffshore.com.
Financial Calendar |
|
Date |
Year |
First Quarter 2024 Trading Update |
|
May
8 |
2024 |
Half Year 2024 Earnings |
|
August 8 |
2024 |
Third Quarter 2024 Trading Update |
|
November 14 |
2024 |
Full Year 2024 Earnings |
|
February 20 |
2025 |
Annual General Meeting |
|
April
9 |
2025 |
For further information, please contact:
Investor Relations
Wouter HoltiesCorporate Finance & Investor
Relations Manager
Mobile: |
+31 (0) 6 23 34 37 64 |
E-mail: |
wouter.holties@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations
Evelyn Tachau BrownGroup Communications &
Change Director
Mobile: |
+377 (0) 6 40 62 30 34 |
E-mail: |
evelyn.tachau-brown@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Market Abuse RegulationThis press release may
contain inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.
DisclaimerSome 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. These statements may be identified by words such as
‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. Such
forward-looking statements are subject to various risks and
uncertainties. The principal risks which could affect the future
operations of SBM Offshore N.V. are described in the ‘Impact, Risk
and Opportunity Management’ section of the 2023 Annual
Report.Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results and performance of the Company’s business may vary
materially and adversely from the forward-looking statements
described in this release. SBM Offshore 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 new
information, subsequent events or otherwise.Nothing in this release
shall be deemed an offer to sell, or a solicitation of an offer to
buy, any securities. The companies in which SBM Offshore N.V.
directly and indirectly owns investments are separate legal
entities. In this release “SBM Offshore” and “SBM” are sometimes
used for convenience where references are made to SBM Offshore N.V.
and its subsidiaries in general. These expressions are also used
where no useful purpose is served by identifying the particular
company or companies."SBM Offshore®", the SBM logomark,
“Fast4Ward®”, “emissionZERO®” and “Float4Wind®” are proprietary
marks owned by SBM Offshore.
- SBM Offshore Awarded Contracts for ExxonMobil Guyana’s FPSO
Jaguar
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