SBM Offshore

SBM Offshore N.V.
Type Naamloze vennootschap
Traded as EuronextSBMO
Industry Petroleum industry
Founded 1965
Headquarters Schiedam, Netherlands
Key people Tony Mace (CEO), Heinz Rothermund (Chairman of the supervisory board)
Products FSO and FPSO units, tension leg platforms, other offshore facilities
Revenue US $3.056 billion (2010)[1]
Operating income US $362.4 million (2010)[1]
Profit US $240.0 million (2010)[1]
Total assets US $5.091 billion (end 2010)[1]
Total equity US $2.123 billion (end 2010)[1]
Employees 4,110 (end 2010)[1]
Website www.sbmoffshore.com

SBM Offshore N.V. (IHC Caland N.V. prior to July 2005) is a Dutch-based global group of companies selling systems and services to the offshore oil and gas industry. Its constituent companies started their offshore activities in the early 1950s and SBM subsequently became a pioneer in single point mooring (SPM) systems.[2] The firm leases and operates Floating Production Storage and Offloading vessels, and is involved in the design and engineering of dynamically positioned drilling vessels, jack-up drilling rigs and heavy offshore cranes. It is a main board listed company on the Euronext Amsterdam stock exchange and has been a member of the AEX index since 2003.

Contents

Operations

The company was the first to offer an integrated oil and gas production service through the investment in a Floating Production Storage and Offloading (FPSO) unit. The lease and operation of FPSOs has become a large component of the company's activity and SBM Offshore now owns and operates the world's largest fleet.[3] Other activities include design and engineering, turnkey supply, and specialised services such as maintenance and offshore installation. The most recent addition to the product line is liquefied natural gas FPSOs, produced in collaboration with The Linde Group.[4]

The firm operates from four main execution centres: the global headquarters in Schiedam, Monaco, Kuala Lumpur, and Houston. The company employs over 4,400 individuals worldwide.

On 18 August 2009, SBM Offshore announced the signing of a framework agreement with Shell for the supply of turret mooring systems for Shell's floating liquified natural gas (FLNG) project. The deal covers the supply of turret mooring systems for a period of up to 15 years. The 3.5-million-tonne-per-annum FLNG facility will produce liquefied natural gas offshore and will be moored with an internal and permanently connected freely weather-vaning turret mooring system.

SBM Offshore said the turret mooring system is expected to be the largest in terms of diameter with capability to handle mooring loads in excess of current systems.

Group companies

FPSO's

References

  1. ^ a b c d e f "Annual Report 2010". SBM Offshore. http://www.sbmoffshore.com/DOCS/SBMOffshore_AnnualReport2010.pdf. Retrieved 2 April 2011. 
  2. ^ Cohen, M.L. (2006). "IHC Caland N.V.". International Directory of Company Histories. The Gale Group. http://findarticles.com/p/articles/mi_gx5202/is_2000/ai_n19122936. Retrieved 2008-12-27. 
  3. ^ Crofts, Dale (11 November 2008). "SBM Offshore Is Likely to Win $69 Million Petrobras Buoy Order". Bloomberg. http://www.bloomberg.com/apps/news?pid=10000086&sid=aZuufT0GbgrM&refer=latin_america. Retrieved 2008-12-27. 
  4. ^ "Linde, SBM in tie-up to offer liquefied gas production on offshore floats". AFX News (Forbes). 20 September 2007. http://www.forbes.com/markets/feeds/afx/2007/09/20/afx4138503.html. Retrieved 2008-12-27. 

External links