SBM Offshore N.V.
amsterdam : SBMO

April 29, 2011 01:30 ET

SBM Offshore N.V. Signs Contracts for Oil Loading System and Design Licenses for Drilling Ships and Jack Ups

SCHIEDAM, NETHERLANDS--(Marketwire - Apr 29, 2011) -

SBM Offshore is pleased to announce it has been awarded the following contracts.

1. FPSO Oil Offloading System

A contract relating to the Deep Water Oil Loading System required as part of an oil field development offshore West Africa.

The scope of work for SBM Offshore consists of:

* the engineering, procurement and supply of Oil Offloading Lines (OOL) and Fiber Optic Cables to be suspended between a FPSO and its Deep Water Export Buoy; the OOL will be based on the Trelline™, a large diameter reinforced bonded rubber hose concept jointly developed between SBM Offshore and Trelleborg and previously supplied as part of various existing offshore developments;

* the offshore installation of the complete Oil Loading System (including the Deep Water Buoy) in the second half of 2013, using the Company's installation vessel 'Normand Installer'.

2. Design Licenses for Drilling Ships and Jack Ups.

SBM Offshore will receive design license fees from Hyundai Heavy Industries (HHI) who has recently confirmed that it has signed contracts to construct and deliver six drill ships of the GustoMSC P10,000 class with international drilling contractors.

SBM Offshore will also receive design license fees from the Singaporean yards Keppel Fels and Jurong Shipyard who have signed contracts to construct and deliver in total three cantilever drilling jack-ups of the GustoMSC CJ70 class with international drilling contractors. In addition the Company has received orders for the supply of associated equipment for these jack-ups.

The cumulative portfolio value of the above mentioned orders represents around US$ 250 million.

To see the full version of this press release please click on the link below:

SBM Offshore Press Release:

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(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 the information contained therein.

Source: SBM Offshore N.V. via Thomson Reuters ONE


Contact Information

  • Contact person:
    Mr. Sebastiaan de Ronde Bresser
    Telephone: (+377) 92 05 85 15
    Mobile: (+33) 643 919 312
    Fax: (+377) 92 05 89 40
    E-mail: Email Contact