FPSO Liza Unity producing and renting
February 14, 2022
SBM Offshore is pleased to announce that FPSO Liza Unit produced its first oil on February 11, 2022 and is officially on lease.
The FPSO Liza Unit is the first unit with a design based on SBM Offshore’s industry leading Fast4Ward® program that incorporates the company’s new versatile floating hull combined with several standardized superstructure modules.
The FPSO is installed on the Liza field, located about 200 kilometers offshore Guyana in the Stabroek block. ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited, is the operator and holds a 45% interest in the Stabroek block. Hess Guyana Exploration Ltd. holds a 30% stake and CNOOC Petroleum Guyana Limited, a wholly owned subsidiary of CNOOC Limited, holds a 25% stake.
Bruno Chabas, CEO of SBM Offshore, said:
“We are proud of the fact that FPSO Liza Unit started production. The FPSO, with its relatively low emissions intensity, will enable efficient production of these world-class oil reserves. The combined client and the SBM Offshore team that carried out this project did an outstanding job. The FPSO was delivered in three and a half years after the start of the engineering phase, which is a significant step forward. This demonstrates the added value of our Fast4Ward® the concept brings to all stakeholders.
SBM Offshore designs, builds, installs and operates offshore floating installations 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 linked to the production of fossil fuels, while developing cleaner solutions for renewable energy sources. .
More than 5,000 SBMers around the world have pledged to share their experience to provide safe, sustainable and affordable energy from the oceans for generations to come.
For more information, please visit our website at www.sbmoffshore.com.
Board of directors
Amsterdam, Netherlands, February 14, 2022
|annual general meeting||April 6||2022|
|Q1 2022 Trading Update||May 12||2022|
|2022 half-year results||August 4||2022|
|Q3 2022 Trading Update||November 10||2022|
|2022 annual results||February 23||2023|
For more information, please contact:
Bert Jaap Dijkstra
Group Treasurer and IR
|Mobile:||+31 (0)6 21 14 10 17|
Group Communications Director
|Mobile:||+377 (0)6 40 62 87 35|
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This press release may contain inside information within the meaning of Article 7(1) of the European Market Abuse Regulation.
Some of the statements in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause results, performance or actual events. differ materially from those in these statements. These statements may be identified by words such as “expect”, “should”, “could”, “must” and similar expressions. These forward-looking statements are subject to various risks and uncertainties. The main risks that may affect the future operations of SBM Offshore NV are described in the “Risk management” section of the 2021 annual report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the actual results and performance of the Company’s business could differ materially and adversely from the forward-looking statements described in this press release. SBM Offshore does not intend and undertakes no 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 press release should be considered an offer to sell or a solicitation of an offer to buy securities. The companies in which SBM Offshore NV directly and indirectly holds interests are separate legal entities. In this press release, “SBM Offshore” and “SBM” are sometimes used for convenience when references are made to SBM Offshore NV and its subsidiaries generally. These expressions are also used when it is not useful to identify the particular company or companies.
“SBM Offshore®”, the SBM logo, “Fast4Ward®”, “emissionZERO®” and “Float4WindMT” are registered trademarks owned by SBM Offshore.
FPSO Liza Unity producing and renting