SBM Offshore Awarded Contracts to Provide World's Deepest Disconnectable FPSO for Shell Stones in Gulf of Mexico
(Thomson Reuters ONE) -
22 July 2013
FPSO for Stones
SBM Offshore is pleased to announce it has signed contracts with Shell Offshore
Inc. to supply and lease an Floating Production Storage and Offloading (FPSO)
for the Stones development project in the Gulf of Mexico. The contracts include
an initial period of 10 years with future extension options up to a total of 20
years. The Stones development is located in 2,896m (9500ft) of water
approximately 320km (200 miles) offshore Louisiana in the Walker Ridge area.
When installed, the Stones FPSO will be the deepest FPSO development in the
world.
The converted Suezmax FPSO will have a turret with a disconnectable buoy
(Buoyant Turret Mooring or BTM) allowing it to weathervane in normal conditions
and disconnect from the FPSO upon the approach of a hurricane. The BTM will be
configured with Steel Lazy-Wave Risers (SLWR) which will be a first application
for a disconnectable FPSO. The mooring system will also incorporate the ability
to adjust line tension during operations by use of an In-Line Mooring Connector
(ILMC). SBM Offshore's 30 years of turret experience including the delivery of
nearly 50 systems will be leveraged to supply this pioneering BTM system.
The FPSO is a typical generation 2 design with a processing facility capacity of
60,000 barrels of oil per day (bopd) and 15 mmscfd of gas treatment and export.
No water injection facilities are specified. The Suezmax hull will be able to
store 800,000 barrels of crude oil and total topsides weight will reach 7
thousand tons.
In March 2012, Shell and SBM Offshore signed an Enterprise Framework Agreement
(EFA) for the supply of medium and small FPSOs on a lease and operate basis. The
Stones FPSO is the first Shell project to award contracts utilizing the EFA. SBM
Offshore and Shell have been engaged in front-end development work for the
Stones FPSO solution for the past two years. Execution work has already
commenced in SBM Offshore's Houston Execution Center with early procurement and
commitments underway.
The total asset value of the FPSO is approximately US$ 1 billion.
SBM Offshore CEO Bruno Chabas commented: "We are delighted to have been selected
to supply the deepest floating installation in the world, setting a new
technological benchmark and confirming our position as a leader in the FPSO
market and large turret mooring systems for Deepwater. The Stones project is the
latest successful FPSO award with Shell and reaffirms SBM's continued focus on
building long term relationships and FPSO-led strategic vision. We look forward
to working on further groundbreaking projects with Shell in the years to come."
| Financial Calendar | Date | Year |
+------------------------------------------------------------+--------+------+
| Half-year Results 2013 - Press Release (18.00 CET) | 07-Aug | 2013 |
+------------------------------------------------------------+--------+------+
| Half-year Results 2013 - Analysts Presentation (19:00 CET) | 07-Aug | 2013 |
+------------------------------------------------------------+--------+------+
| Trading Update Q3 2013 - Press Release (07.30 CET) | 14-Nov | 2013 |
+------------------------------------------------------------+--------+------+
Corporate Profile
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 Company").
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 sale
basis.
Group companies employ over 7,400 people worldwide, who are spread over five
execution centres, eleven operational shore bases, several construction yards
and the offshore fleet of vessels. 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 "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 Management
Schiedam, 22 July 2013
For further information, please contact:
Investor Relations
Sebastiaan de Ronde Bresser
Investor Relations Officer
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
E-mail: sebastiaan.derondebresser(at)sbmoffshore.com
Website: www.sbmoffshore.com
Media Relations
Anne Guerin-Moens
Group Communications Director
Telephone: (+377) 92 05 30 83
Mobile: (+377) 680 863 691
E-mail: anne.guerin-moens(at)sbmoffshore.com
Website: www.sbmoffshore.com
To see the complete version of this press release, please click on the link
below.
SBM Offshore Press Release:
http://hugin.info/130754/R/1717902/571348.pdf
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
[HUG#1717902]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2013 - 18:00 Uhr
Sprache: Deutsch
News-ID 280508
Anzahl Zeichen: 6881
contact information:
Town:
Schiedam
Kategorie:
Business News
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"SBM Offshore Awarded Contracts to Provide World's Deepest Disconnectable FPSO for Shell Stones in Gulf of Mexico"
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