Press Releases

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SBM Offshore Third Quarter Trading Update

Highlights Increase in full year Directional[1] EBITDA guidance to around US$800 million Increase in full year Directional Revenue guidance to around US$2.1 billion Year-to-date Directional revenue at US$1,470 million Projects...

SBM Offshore Awarded Contracts for ExxonMobil’s Third FPSO in Guyana Based on its Fast4Ward® Program

SBM Offshore is pleased to announce that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and...

SBM Offshore successful bidder for partner’s minority ownership in SBM Offshore operated FPSO companies

Further to the announcement dated September 30, 2019 confirming its participation in the public sale auction of the equity ownership of Serviços de Petróleo Constellation S.A. (“Constellation”) in the lease and operating companies related to...

SBM Offshore completes US$1.14 billion financing of Liza Unity

SBM Offshore is pleased to announce that it completed the project financing of FPSO Liza Unity for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company expects to draw the loan in...

SBM Offshore confirms formal closure of Brazil legacy case

SBM Offshore received notification that the Federal Court has formally closed the Improbity Lawsuit filed by the Brazilian Federal Prosecutors Office (Ministério Público Federal, MPF) in 2017. This approval makes the Leniency Agreement between the...

SBM Offshore confirms participation in auction for partner’s minority ownership in SBM Offshore operated companies

Following the public sale notice by Serviços de Petróleo Constellation S.A. (“Constellation”), formerly Queiroz Galvão Óleo e Gás S.A., of its equity ownership in the lease and operating companies related to five Brazilian FPSOs, SBM...

SBM Offshore signs long-term FPSO supply agreement with ExxonMobil

SBM Offshore and ExxonMobil signed a Long-Term Agreement covering potential future FPSO orders. This agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction...

SBM Offshore 2019 Half-Year Earnings

Highlights US$6.3 billion order intake year-to-date, driving a 36% backlog increase Contracted cash flow from Lease and Operate fleet provides visibility up to 2045 Four major projects under execution in Turnkey, including three FPSOs, of...

SBM Offshore awarded Letter of Intent for FPSO Mero 2 lease and operate contracts by Petrobras

SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore...

Completion 2019 Share Repurchase Program

SBM Offshore reports that it has completed its EUR175 million share repurchase program. Between February 14, 2019 and May 20, 2019 a total of 10,422,259 common shares were repurchased, at an average price of EUR16.79 per share. Further detailed...
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