FPSO Liza Destiny producing and on hire
23 December 2019 - 5:30PM
December 23, 2019
SBM Offshore is pleased to announce that
FPSO Liza Destiny has produced first oil as of December 20,
2019 and is formally on hire.
The FPSO is installed at the Liza field, which
is located circa 200 kilometers offshore Guyana in the Stabroek
block. ExxonMobil affiliate Esso Exploration and Production Guyana
Limited is operator and holds 45 percent interest in the Stabroek
Block. Hess Guyana Exploration Ltd. holds 30 percent interest and
CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC
Limited, holds 25 percent interest.
Bruno Chabas, CEO of SBM Offshore,
commented:
“We are proud of FPSO Liza Destiny reaching
first oil for our client and the people of Guyana. The vessel is
producing the first oil in Guyana’s history. Our teams have done an
excellent job by completing the project well in line with our
client’s schedule. The delivery time from the engineering study
phase until first oil, three years, is impressive and a clear
testimony of our capabilities and industry leading experience. We
are looking forward to further generating value for our client
ExxonMobil and in particular with respect to making a contribution
towards Guyana becoming a significant oil producing country.”
Oivind Tangen, Managing Director of Operations
of SBM Offshore, commented:
“We are delighted to be taking the Liza Destiny
into the next phase of its journey. We remain highly focused on
diligently moving through the final steps, with HSE remaining a
first priority. This milestone also marks the formal hand over of
the project to our Operations organization in Guyana, an
organization that is supported by our global organization. Together
we shall ensure a responsible operatorship and continuously strive
for operational excellence in all our activities.”
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,
December 23, 2019
Financial Calendar |
Date |
Year |
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 |
Half-Year 2020 Earnings – Press Release |
August 6 |
2020 |
Trading Update 3Q 2020 – Press Release |
November 12 |
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 RelationsVincent KempkesGroup
Communications Director
Telephone: |
+31 (0) 20 236 3170 |
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.
- FPSO Liza Destiny producing and on hire
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