Cost & Schedule Assurance Archive

FPSO Cidade de Saquarema Producing and On Hire

SBM Offshore is pleased to announce that FPSO Cidade de Saquarema is formally on hire as of July 8, 2016 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. The vessel is installed in...

FPSO Cidade de Maricá producing and on hire

SBM Offshore is pleased to announce that FPSO Cidade de Maricá is formally on hire as of February 7, 2016 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. The vessel is installed...

Ships passing in the bay – twin FPSOs switch places at Rio yard

Having arrived mid-July at BRASA shipyard, FPSO Cidade de Maricá will depart shortly from the quayside to offshore Brazil, where the high-capacity vessel will be installed and operated for the next 20 years. A symbol of Brazil’s successful...

SBM Offshore 2015 Half-Year Earnings

Solid first half; Industry searching for new equilibrium SBM Offshore is happy to report better than expected revenue. The Company continues to see a healthy appetite for its projects, as evidenced by the 45% taken up by joint venture partners...

Maricá moors at BRASA following FPSO’s arrival in Brazil

There was a buzz at BRASA as it celebrated the arrival of FPSO Cidade de Maricá. The SBM Offshore vessel berthed safely at the Niteroi-Rio based yard on 9 July 2015. She had arrived in Brazilian waters mid-June, following her 10,625 Nm (19,678...

SBM Offshore’s innovation wins OTC “Spotlight on New Technology” award for ARCA Chain Connector

SBM Offshore is pleased to announce that it has been honoured with the prestigious Spotlight on New Technology award at the 2015 OTC conference in Houston. As a leading pioneer in floating production and mooring systems for the oil and gas...

SBM Offshore Provides 2014 Year End Update

As the Company nears its fiscal year end, the Management Board confidently confirms its FY2014 Directional¹ revenue guidance of at least US$3.3 billion. Bruno Chabas, CEO of SBM Offshore, commented: “Management recognizes the anxiety caused...

SBM Offshore Announces Restructuring and Establishment of New Headquarters

RESTRUCTURING In light of market conditions and in order to optimise the Company’s cost base, capacity requirements have been reviewed with the objective of creating a productive environment for performing teams and maintaining our core...

DSCV SBM Installer Sold to OS Installer

SBM Offshore is pleased to announce that it has entered into an agreement to sell the DSCV SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash. OS Installer AS is a newly established joint...

SBM Offshore Announces Thunder Hawk Tiebacks

SBM Offshore is pleased to announce it has signed a Production Handling Agreement (PHA) with Noble Energy to produce the Big Bend and Dantzler fields to the Thunder Hawk DeepDraft™ Semi located in 6,060 feet of water in the Gulf of Mexico...