SBM Offshore awarded contracts for ExxonMobil FPSO Prosperity
01 Oktober 2020 - 7:50AM
October 1, 2020
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 Payara development project located in the
Stabroek block in Guyana. Under these contracts, SBM Offshore will
construct, install and then lease and operate the Prosperity FPSO
for a period of up to two years, after which the FPSO ownership and
operation will transfer to EEPGL. The award follows completion of
front-end engineering and design studies, completion of the
multi-purpose hull, receipt of requisite government approvals and
the final investment decision on the project by ExxonMobil and
block co-venturers.
The Payara development is the third development
within 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.
The Prosperity FPSO will utilize a design that
largely replicates the design of the Liza Unity FPSO. As such, the
design is based on SBM Offshore’s industry leading Fast4Ward®
program that 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 1,900 meters
and will be able to store around 2 million barrels of crude
oil.
As a result of the award from EEPGL, SBM
Offshore also anticipates the award of contracts to Guyanese
companies for work to be performed in Guyana. For example, the
Company is looking at executing scope for fabrication and coating
of a portion of the light structural steel for the FPSO in Guyana,
which would be a first for SBM Offshore in country. Additionally,
SBM Offshore is preparing to recruit and employ Guyanese engineers
into the Payara project team. Both activities are focused on
development of Guyanese capacity, building on efforts to date for
the Liza Destiny and Liza Unity FPSOs.
Bruno Chabas, CEO of SBM Offshore, commented:“We
are pleased to announce that ExxonMobil has awarded SBM Offshore
the contracts for the third FPSO in Guyana, signed under the
existing long term FPSO supply agreement with ExxonMobil. This
award demonstrates the competitiveness of world class deep water
reservoirs and the added value that SBM Offshore’s Fast4Ward®
program brings to these large-scale developments. The SBM Offshore
team is proud that the constructive collaboration with the
ExxonMobil team continues, while contributing to the development of
the offshore energy industry in Guyana.”
Corporate Profile
The Company’s main activities are the design,
supply, installation, operation and the life extension of floating
production solutions for the offshore energy industry over the full
lifecycle. The Company is market leading in leased floating
production systems, with multiple units currently in operation.
As of December 31, 2019, the Company employed
approximately 4,450 people worldwide spread over offices in our key
markets, operational shore bases and the offshore fleet of
vessels.
SBM Offshore N.V. is a listed holding company
headquartered in Amsterdam, the Netherlands. It holds direct and
indirect interests in other companies.
Where references are made to SBM Offshore N.V.
and /or its subsidiaries in general, or where no useful purpose is
served by identifying the particular company or companies “SBM
Offshore” or “the Company” are sometimes used for convenience.
For further information, please visit our
website at www.sbmoffshore.com.
The Management BoardAmsterdam, the Netherlands,
October 1, 2020
Financial Calendar |
Date |
Year |
Trading Update 3Q 2020 – Press Release |
November 12 |
2020 |
Full Year 2020 Earnings – Press Release |
February 11 |
2021 |
Annual General Meeting of Shareholders |
April 7 |
2021 |
Trading Update 1Q 2021 – Press Release |
May 12 |
2021 |
Half Year 2021 Earnings – Press Release |
August 5 |
2021 |
Trading Update 3Q 2021 – Press Release |
November 11 |
2021 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraGroup Treasurer 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.
- SBM Offshore awarded contracts for ExxonMobil FPSO
Prosperity
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