Clients expect the highest level of productivity from our FPSOs and other floating production units. SBM’s dedicated teams around the world ensure that their objectives are met. With over 271 years of accumulated experience in offshore operations, the Company’s vision is to continue to provide customer orientated solutions and to ensure reliable operations.
PERFORMANCE AT A GLANCE
In 2015 SBM Offshore successfully increased the total production level for the FPUs that it operates. Additional throughput, compared to the previous year, was partly due to a full year of operation for the Company’s highest capacity FPSO, Cidade de Ilhabela, operating offshore Brazil (first oil was achieved in November 2014) and also successful tiebacks to its Thunder Hawk semi-submersible.
In February 16, 2016 another high capacity FPSO Cidade de Maricá began operations when first oil was achieved.
Currently SBM Offshore is responsible for the full operations across the globe of:
- 12 FPSOs (consists of 11 in SBM Offshore’s fleet and one third party contract for the client’s own vessel)
- 2 FSOs
- 1 Semi-Submersible
- 1 MOPU
2015 Year-end at a glance
- 4.6 billion cumulated to date
- 383 successful and safe cumulated offloads (6,621 cumulated to date)
- Over 271 years of cumulative operations worldwide
- Early May 2015, a three-year contract extension for Operations and Maintenance on FSO Yetagun was confirmed with Petronas, with further options of up to five years, as well as an extensive FSO upgrade. Of note is the vessel’s record of 100% uptime with zero TRIFR
- In October 2015, successful completion of additional tie-backs to Thunder Hawk DeepDraft™ Semi-Sub from two fields for Noble Energy offshore USA – production started from the Big Bend field and the Dantzler field in 4Q 2015 – has added an additional 20k/bpd production capacity. SBM Offshore receives a production fee associated with produced volume in line with the Production Handling contract
- November 2015 marked one year of production operations for FPSO Cidade de Ilhabela offshore Brazil and N’Goma FPSO offshore Angola
- During 4 Quarter 2015 SBM Offshore started preparations for three FPSOs, which will commence production in 2016, including ramping up and training of the crew and technical handover from project teams
- FPSO Marlim Sul, in decommissioning phase from 1 January 2015, was put on hold in line with Petrobras’ request, as the client reviewed continued production alternatives for the Marlim Sul field. The FPSO’s last day of production was 31 December 2014
Brazil accounts for the largest share of the Company’s total fleet operations with a cumulated 129 million barrels of oil in 2015, contributing to a significant part of the country’s output. The four pre-salt FPSOs in SBM’s Brazilian fleet of seven vessels have a production capacity of 570,000 BOPD. The total oil capacity of the Company’s fleet in Brazil is 870,000 BOPD. One difference for the pre-salt FPSOs compared to previous generation FPSOs is that the crude oil capacity has increased; the oil is lighter and of better quality making it easier to process offshore. However, the associated gas contains high levels of CO2, which must be separated and re-injected at very high pressure, making the topsides significantly more complex than earlier vessels.
LEASE & OPERATE – HOW IT WORKS
SBM Offshore either builds the vessels for outright sale as a turnkey project or for long-term lease. The lease option offers clients a cost effective and flexible way to produce their reservoirs and allows them to benefit from SBM’s 271 contract years of operating experience. Additionally, leasing saves the client the capital expenditures related to the vessel’s construction, as it remains under SBM Offshore ownership or part ownership.
SBM Offshore’s main drive is an incident-free workplace, with no harm to people or the environment, and no damage to the Company’s assets. A step change in fleet safety was achieved in 2015. Various initiatives were implemented worldwide, such as the Annual Fleet-wide Safety Life-Day and New Safety Leadership and Process Safety Management trainings (monthly campaigns around each of the 12 Life-Saving Rules, an initiative to motivate personnel to continuously improve safety in everything they do). A reward system is also in place for exemplary behavior.
SBM Offshore’s clients recognize the Company’s continuous efforts in this domain. ExxonMobil Angola commendedSaxi-Batuque team effort and leadership for six years safe operations without a Recordable Incidence. In addition, several other FPSOs achieved a noteworthy ‘1-Year Total Recordable Incident Free’ period, including FPSOs Aseng, Kikeh, Capixaba, Mondo (2-Years) and Yetagun (3-Years).
SBM Offshore focuses on continuous improvement to deliver predictable and sustainable revenues to the Company’s clients and stakeholders – the Company achieved over 99.4% oil uptime with limited shutdown activities in 2015, resulting in oil and gas production to their satisfaction. Murphy celebrated the 500th offtake performed on FPSO Kikeh operated by MPDC and SBM Offshore joint venture with MISC. The team on FPSO Serpentina operating offshore Equatorial Guinea, were congratulated by the client for the quickest billion barrels of oil in ExxonMobil’s production history.
Looking Forward : 2016 Future Operations
SBM Offshore will add two FPSOs to its operations in 2016:
FPSO Cidade de Saquarema – with a production capacity of 150,000 bbls per day
FPSO Turritella – with a production capacity of 60,000 BOPD. Start-up of the facility for Shell is expected in mid-2016. This will represent SBM Offshore’s first FPSO in the Gulf of Mexico.
They will bring the total to 14 FPSOs, 1 MOPU, 1 Semi-Sub and 2 FSOs.