SBM Offshore is positioned at the top end of the FPSO market, focusing on the largest and most complex projects in this sector. Since our first FPSO operation in 1976 for Shell, we have been involved in over 30 such projects worldwide.
SBM Offshore’s main market is the conversion of oil tankers known as Very Large Crude Carriers (VLCCs) into Floating Production Storage Offloading (FPSOs) with production capabilities of 60,000 to 150,000 barrels of oil per day. The Company also designs newbuild FPSOs accommodating production volumes up to 200,000 barrels of oil per day with its latest Generation 4 Fast4Ward™ design. With two Fast4WardTM FPSOs under construction, the Company is now firmly positioned in the newbuild, large capacity FPSO business.
SBM Offshore is responsible for operating 13 FPSOs in the fleet across the globe.
Our Generation 3 FPSO is designed for the ultra-deepwater pre-salt fields of Brazil and has a significant increase in size and complexity of topsides (up to 24,000 tons) and throughput (150,000 bopd). Over half of our fleet is deployed in Brazilian waters, with seven FPSOs currently in operation, four of which are the ‘Gen 3’ design, at water depths over 2,100 metres. Perfect examples of this type of vessel are the latest FPSOs to go into operation Cidade de Saquarema and Cidade de Mariça, which are installed offshore Brazil since 2016. These ‘twin’ vessels were engineered based on the FPSO Cidade de Ilhabela design, which was the largest and most complex vessel in SBM Offshore’s fleet at the time (first oil in 2014), with respect to topsides complexity. SBM Offshore successfully used the efficiencies for standardization and schedule savings gained to further optimize the ‘twins’. The sophisticated gas processing and compression technologies take account of the characteristics of the fields in which they operate.
SBM Offshore has extensive experience in deep water and holds the record for having designed and operated Turritella, the deepest floating production unit, located in the harsh environment of the Gulf of Mexico. Located on the Stones field, at 2,900m it is the deepest-moored FPSO in the world.
With our extensive performance track record and in-house engineering, mooring and installation capabilities, along with our complete suite of Group Technical Standards (GTS) that are pre-approved by the American Bureau of Shipping (ABS) and updated annually, SBM Offshore offers full turnkey solutions to our clients.