SBM Offshore N.V. : SBM OFFSHORE ANNOUNCES DELIVERY OF OSX-2 AND PROVIDES DEEP
September 4, 2013
The Company is pleased to announce the successful delivery of FPSO OSX-2. The
vessel was delivered to the client, OSX 2 Leasing B.V. ("OSX") this week.
With a total topside weight of over 10,000 tons and a production capacity of
100,000 barrels of oil per day, the facility was constructed in 27 months from
contract award to delivery.
Bruno Chabas, CEO of SBM Offshore commented:
"We are pleased to announce the delivery of OSX-2, a turnkey project that was
constructed on time and on budget for our client OSX. In particular, I would
like to recognize our global project management team for a job well done."
DEEP PANUKE UPDATE
Deep Panuke continues commissioning activities leading up to production
acceptance and the start of the lease contract. These activities involve
achieving a steady state of production and are taking the time required to
safely start the gas platform. SBM Offshore expects the activities to be
completed in the coming weeks and will inform the market at that stage.
The Deep Panuke project produces and processes natural gas from the Deep
Panuke field, approximately 250 kilometres (155 miles) southeast of Halifax,
Nova Scotia on the Scotian Shelf. The platform is designed to produce up to
300 million cubic feet per day (MMcf/d) of natural gas.
The terms of the lease and operate contract are for a minimum period of eight
years with annual extension provisions of up to a maximum of twelve additional
SBM Offshore N.V. is a listed holding company that is headquartered in
Schiedam. It holds direct and indirect interests in other companies that
collectively with SBM Offshore N.V. form the SBM Offshore group ("the
SBM Offshore provides floating production solutions to the offshore energy
industry, over the full product life-cycle. The Company is market leading in
leased floating production systems with multiple units currently in operation,
and has unrivalled operational experience in this field. The Company's main
activities are the design, supply, installation and operation of Floating
Production, Storage and Offloading (FPSO) vessels. These are either owned and
operated by SBM Offshore and leased to its clients or supplied on a turnkey
Group companies employ over 7,400 people worldwide, who are spread over five
execution centers, eleven operational shore bases, several construction yards
and the offshore fleet of vessels. Please visit our website at
The companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate entities. In this communication "SBM Offshore" is
sometimes used for convenience where references are made to SBM Offshore N.V.
and its subsidiaries in general, or where no useful purpose is served by
identifying the particular company or companies.
The Board of
Schiedam, September 4, 2013
For further information, please contact:
Nicolas D. Robert
Head of Investor Relations
Telephone: +377 92 05 18 98
Mobile: +33 (0) 6 40 62 44 79
Group Communications Director
Telephone: +377 92 05 30 83
Mobile: +33 (0) 6 80 86 36 91
To see the complete version of this Press Release, please click on the link
SBM Offshore Press Release
This announcement is distributed by Thomson Reuters on behalf of Thomson
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(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: SBM Offshore N.V. via Thomson Reuters ONE
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