SBM Offshore leads its competitors in its pursuit of construction partnerships in new areas. To maintain our competitive advantage and help further develop local industries, SBM Offshore is a joint venture partner in two construction yards, PAENAL (Angola) and Brasa (Brazil), along with our local and international partners.
This gives us increased competitiveness to win local contracts and increased flexibility in project delivery. We continue seeking more time and cost efficient strategies to improve project delivery. We have the ability to construct modules for conversions while the vessel continues to operate offshore, allowing the FPSO to remain productive right up until the upgraded topsides are ready for integration onto the vessel.
SBM also maintains successful relationships with other shipyards around the world.