SBM Offshore signed a 10-year Operations and Maintenance Enabling Agreement for its Guyana FPSO fleet with ExxonMobil Guyana
02 May 2023 - 3:30PM
May 2, 2023
SBM Offshore is pleased to announce it has
signed a 10-year Operations and Maintenance Enabling Agreement with
Esso Exploration & Production Guyana Ltd (aka “ExxonMobil
Guyana”) for the Operations and Maintenance of FPSOs Liza Destiny,
Liza Unity, Prosperity and ONE GUYANA. This framework agreement
establishes the new terms related to the operations of the Guyana
FPSO fleet for a period of 10 years up to 2033. The lease terms and
durations remain the same for all units, with 10 years lease for
FPSO Liza Destiny and up to 2 years lease for FPSOs Liza Unity,
Prosperity and ONE GUYANA after which the FPSOs’ ownership will
transfer to the client. This contract supports SBM Offshore’s
long-term business vision in Guyana enabling the Company to perform
local and sustainable investments in people and infrastructure as
well as to deploy its digital and operational technologies to the
Guyana fleet. The estimated impact on the revenue backlog is around
US$3 billion based on various operating and maintenance
assumptions.
SBM Offshore will operate the units through an
Integrated Operation Model, which encompasses an organization model
including seconding ExxonMobil Guyana employees in some key onshore
and offshore positions. This model will combine SBM Offshore and
ExxonMobil Guyana’s experience and resources to increase team
efficiency and foster synergies between the two companies.
Bruno Chabas, CEO of SBM Offshore commented:
“We are very pleased with the contract concluded
with ExxonMobil Guyana leveraging both companies’ recognized
operating excellence. This contract capitalizes on our developments
in Guyana to date, positioning the Company for long-term operations
in the country. This Integrated Operation Model is the first of its
kind in the industry and extends our relationship with ExxonMobil
Guyana by integrating further our teams. We believe it is the
optimal solution to achieve excellence in the operation of Guyanese
assets bringing value to all stakeholders and setting a new
performance benchmark for the industry.”
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 renewable energy sources.
More than 7,000 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 2023 Trading Update |
May 11 |
2023 |
Half Year 2023 Earnings |
August 10 |
2023 |
Third Quarter 2023 Trading Update |
November 9 |
2023 |
Full Year 2023 Earnings |
February 29 |
2024 |
Annual General Meeting |
April 12 |
2024 |
For further information, please contact:
Investor RelationsLudovic
RobinoInvestor Relations Manager
Mobile: |
+31 (0) 6 15 16 50 35 |
E-mail: |
ludovic.robino@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsEvelyn 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 Regulation
This press release may contain inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Disclaimer
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. 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 ‘Risk Management’ section of the
2022 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 signed a 10-year Operations and Maintenance
Enabling Agreement for its Guyana FPSO fleet with ExxonMobil
Guyana
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