SBM Offshore Awarded Contracts for ExxonMobil Liza FPSO
21 December 2016 - 4:11AM
December 20, 2016
SBM Offshore is pleased to announce that
ExxonMobil subsidiary Esso Exploration and Production Guyana
Limited has awarded the Company contracts for a Floating
Production, Storage and Offloading vessel (FPSO) for the Liza
development and production in Guyana.
Under the FPSO contracts, SBM Offshore will
perform Front End Engineering and Design for the FPSO, and, subject
to a final investment decision on the project in 2017, will
construct, install and operate the FPSO.
The Liza field has a potential resource estimate
in excess of 1 billion oil-equivalent barrels and is located in the
Stabroek block, which covers almost 27,000 square kilometres,
approximately 193 kilometres 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.
SBM Offshore CEO Bruno Chabas commented:
"We are proud that ExxonMobil has awarded SBM
Offshore contracts for the Liza FPSO, starting with the front-end
engineering, which forms an important part of a significant
offshore development project. Our dedicated team is looking
forward to cooperating closely with the ExxonMobil team to make
this project a success. This award underlines the fact that
experience matters across the entire FPSO life cycle."
To access the ExxonMobil press release, click
here.
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, 2015, Group companies employ
approximately 7,000 people worldwide. Full time company
employees totaling 4,900 are spread over five regional centres,
eleven operational shore bases and the offshore fleet of
vessels. A further 2,100 are working for the joint ventures
with several construction yards. 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,
December 20, 2016
Financial Calendar |
Date |
Year |
Full-Year 2016 Earnings - Press Release |
February 8 |
2017 |
Annual General Meeting of Shareholders |
April 13 |
2017 |
Trading Update 1Q 2017 - Press Release |
May 10 |
2017 |
Half-Year 2017 Earnings - Press Release |
August 8 |
2017 |
Trading Update 3Q 2017 - Press Release |
November 7 |
2017 |
For further information, please contact:
Investor RelationsBert-Jaap DijkstraInvestor Relations
Director
Telephone: |
+31 (0)
20 236 3222 |
Mobile
NL:Mobile MC: |
+31 6
2114 1017+33 6 4391 9302 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations Vincent KempkesHead of
Communications
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.
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