Press Releases

1 2

FPSO CIDADE DE ILHABELA PRODUCING AND ON HIRE

SBM Offshore is pleased to announce FPSO Cidade de Ilhabela is formally on hire after achieving first oil and completing a 72 hour continuous production test leading to Production Acceptance Notice (PAN).  The FPSO will operate under a twenty year...

SBM OFFSHORE THIRD QUARTER TRADING UPDATE

SOLID REVENUE PERFORMANCE IN LINE WITH EXPECTATIONS Highlights Year-to-date 2014 Directional1 revenues in line with expectations at US$2.5 billion Directional1 Backlog as of September 30, 2014 stands at US$21.8 billion Management Board...

SBM Offshore achieves settlement with Dutch Public Prosecutor’s Office over alleged improper payments. United States Department of Justice closes out the matter.

SBM Offshore today announces that it has reached an out-of-court settlement ex Article 74 of the Dutch Criminal Code with the Dutch Public Prosecutor’s Office (Openbaar Ministerie) over the inquiry into alleged improper payments.  Furthermore,...

SBM Offshore Completes Deep Panuke US Private Placement

SBM Offshore is pleased to announce the successful completion of US$450 million of non-recourse senior secured debt by way of a US Private Placement (USPP) for the Deep Panuke Production Field Centre (PFC). The 3.5% fixed coupon bond is rated BBB- /...

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...

SBM Offshore Announces Completion of Real Estate Divestment

SBM Offshore is pleased to announce that it has completed the sale and lease back of its Monaco real estate portfolio. The last of the three buildings was sold for approximately US$62 million net of expenses, resulting in a book profit of...

SBM Offshore Half-Year Results 2014

Revenue up 6%; Outlook confirmed   SBM Offshore’s execution of projects on hand in the first six months of the year led to better than expected revenue growth. The Company is making progress towards resolving its compliance issue, as...

Outcome of Dialogue on Brazilian Tenders

On May 28, 2014 SBM Offshore confirmed that it was in dialogue with Petrobras regarding participation in the upcoming Tartaruga Verde and Libra tenders. Based on those discussions, the Company will not participate as an international contractor in...

Update on SBM Offshore Tenders in Brazil

SBM Offshore confirms that it is in dialogue with Petrobras regarding participation in the upcoming Tartaruga Verde and Libra tenders. The Company has deployed significant resources on bidding activities to date and as such is seeking clarification,...

SBM Offshore First Quarter 2014 Trading Update

1Q14 REVENUE IN LINE WITH EXPECTATIONS Highlights Year-to-date 2014 Directional¹ revenues in line with expectations at US$782 million Directional¹ Backlog as of March 31, 2014 stands at US$21.7 billion FPSO Cidade de Ilhabela module...