SBM Offshore was the first to introduce the “Lease & Operate” business model to the business of offshore floating production and storage.
In 1981, we designed, built and installed the world’s first leased FPSO at the Cadlao field offshore Philippines. Back then, we only needed a dozen people onshore and 40 people per shift offshore to operate the FPSO II at Cadlao. But after three decades of building on that early foundation, SBM has steadily improved the quality of the Lease & Operate business model.
Today we have over 1800 staff who expertly operate the world’s largest global fleet of offshore leased production facilities. And recently, thanks to so many dedicated SBM staff across the globe, we’ve reached a number of new milestones never before seen in the industry.