Press Releases

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SBM Offshore Announces CGCO to Retire and Join Supervisory Board

SBM Offshore announces that Sietze Hepkema has decided to retire as Chief Governance and Compliance Officer (CGCO). Mr. Hepkema will continue to serve in his current role as CGCO until the Annual General Meeting of Shareholders on April 15, 2015 at...

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 AS

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...

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...