BackSBM Offshore is pleased to announce that it has signed contracts for the construction of the Companyâs fourth and fifth hulls under its purchase program for Fast4Ward® new build multi-purpose hulls. The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS) and China Merchants Industry Holdings (CMIH). Both yards are also progressing the construction of SBM Offshoreâs first three hulls which are already allocated to projects.
Bruno Chabas, CEO of SBM Offshore, commented:
âWe continue to have good visibility on new awards from active client engagements. This has given the Company the comfort to accelerate the program and commit to two additional Fast4Ward® hulls. The Company is currently constructing five hulls simultaneously, a fact which underscores the fundamentals of our market and SBM Offshoreâs competitive position. During this period of increasing demand, SBM Offshore remains disciplined and selective with respect to market opportunities.â
Corporate Profile
SBM Offshore N.V. is a listed holding company that is headquartered in Amsterdam. It holds direct and indirect interests in other companies that collectively with SBM Offshore N.V. form the SBM Offshore Group (âthe Companyâ).
SBM Offshore provides floating production solutions to the offshore energy industry, over the full product lifecycle. The Company is market leading in leased floating production systems delivered to date, with multiple units currently in operation and has unrivalled operational experience in this field. The Companyâs main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry.
As of December 31, 2018, Group companies employ approximately 4,350 people worldwide, including circa 650 contractors, which are spread over offices in key markets, operational shore bases and the offshore fleet of vessels. Group Companies employ a further 400 people, working for the joint ventures with two construction yards. For further information, please visit our website at www.sbmoffshore.com.
The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate entities. In this communication âSBM Offshoreâ 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 Management Board
Amsterdam, the Netherlands, December 5, 2019
| Financial Calendar | Date | Year |
|---|---|---|
| Full-Year 2019 Earnings â Press Release | February 13 | 2020 |
| Annual General Meeting of Shareholders | April 8 | 2020 |
| Trading Update 1Q 2020 â Press Release | May 14 | 2020 |
| Half-Year 2020 Earnings â Press Release | August 6 | 2020 |
| Trading Update 3Q 2020 â Press Release | November 12 | 2020 |
For further information, please contact:
Investor Relations
Bert-Jaap Dijkstra
Director Corporate Finance and IR
| Telephone: | +310202363222 |
| Mobile: | +310621141017 |
| E-mail: | Bert-Jaap Dijkstra |
| Website: | www.sbmoffshore.com |
Media Relations
Vincent Kempkes
Group Communications Director
| Telephone: | +310202363170 |
| Mobile: | +310625687167 |
| E-mail: | Vincent Kempkes |
| Website: | www.sbmoffshore.com |
Disclaimer
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on managementâs current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Companyâs business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as âbelievesâ, âmayâ, âwillâ, âshouldâ, âwould beâ, âexpectsâ or âanticipatesâ or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.
