SBM Offshore Awarded Contracts for ExxonMobil FPSO Liza Unity
10 May 2019 - 3:35PM
May 10, 2019
SBM Offshore is pleased to announce that Esso
Exploration and Production Guyana Limited (EEPGL), an affiliate of
Exxon Mobil Corporation, has confirmed the award of contracts for
the next phase of the Liza project in Guyana. Under these
contracts, SBM Offshore will construct, install and thereafter
lease and operate for up to two years the Liza Unity FPSO. This
follows completion of front-end engineering studies, receipt of
requisite government approvals and the final investment decision on
the project by ExxonMobil and block co-venturers.
The Liza Unity FPSO design is based on SBM
Offshore’s industry leading Fast4WardTM program as it incorporates
the Company’s new build, multi-purpose hull combined with several
standardized topsides modules. The FPSO will be designed to produce
220,000 barrels of oil per day, will have associated gas treatment
capacity of 400 million cubic feet per day and water injection
capacity of 250,000 barrels per day. The FPSO will be spread moored
in water depth of about 1,600 meters and will be able to store
around 2 million barrels of crude oil.
The Liza field is located in the Stabroek block
circa 200 kilometers offshore Guyana. EEPGL 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.
SBM Offshore CEO Bruno Chabas commented:“We are
proud that ExxonMobil awarded SBM Offshore the contracts for the
Liza Unity FPSO. The Company is confident that this project will
demonstrate the value that our Fast4WardTM program brings to our
clients. We look forward to continuing the cooperation with our
client ExxonMobil on this second important project in Guyana.”
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,
May 10, 2019
Financial Calendar |
Date |
Year |
Trading Update 1Q 2019 – Press Release |
May 16 |
2019 |
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 |
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 Contracts for ExxonMobil FPSO Liza
Unity
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