SBM Offshore N.V. products

SBM pioneered the development of the FPSO, starting with supply of the mooring system for the first FPSO in 1976 (for Shell’s Castellon field in Spain) and providing the first leased FPSO in 1981 (the FPSO II, for Amoco’s Cadlao field in the Philippines). Since that time we have been involved in over 40 FPSO projects worldwide. Our fleet of leased production vessels currently includes 11 FPSO vessels in operation, with a further 3 under construction and 1 on standby. To date we have accumulated over 140 years of FPSO operating experience, more than any other FPSO operator worldwide.

Mid-scale FLNG: a solution for stranded gas fields. With the increasing global demand for gas we expect there will be a strong market for FLNG vessels. FLNG has the potential to make a significant impact on the global LNG market over the coming decade. This new market will be a good complement to SBM’s already strong position in the oil FPSO business. SBM has extensive experience in designing, building and operating FPSOs and is now drawing on this experience to develop its FLNG concept. Our core position is for midscale FLNG (1.5- 2 mtpa) conversion. This size is suitable for the 700-plus stranded gas fields between 0.5 TCF and 2 TCF and is also a good fit with our current FPSO product line, in terms of project scale, risk and investment.

Our people have unrivalled experience in the EPCI turnkey delivery and operation of large complex floating production units and can safely and confidently deliver FPU solutions with cost and schedule certainty. SBM Offshore’s Deep Draft Semi (R) hull design is now well proven in service, after operating on the Independence Hub and Thunder Hawk fields for over 20 years combined, and have proven to be reliable with over 99% uptime. At the time of installation, Independence Hub set the world record for the deepest semi in the world with an installed water depth of 8,000ft (2440 m).