SBM Offshore Expands Operations with TotalEnergies Partnership
SBM Offshore Partners with TotalEnergies
SBM Offshore has proudly entered into a significant partnership by signing an operations and maintenance contract with TotalEnergies EP Suriname B.V. This collaboration focuses on the FPSO GranMorgu and is set to play a crucial role in the field development project for Block 58.
Contract Details and Strategic Importance
The essence of this contract lies in its coverage of the operation readiness phase leading up to the arrival of first oil. Furthermore, it guarantees operations and maintenance services for a minimum duration of two years following the commencement of oil production, with options for future extensions.
One of the most noteworthy aspects of this arrangement is that it solidifies SBM Offshore's long-standing strategic partnership with TotalEnergies. This venture marks a monumental achievement as SBM Offshore proudly positions itself as the first FPSO operator in Suriname.
Commitment to Excellence
This contract stands as a testament to SBM Offshore’s relentless dedication to excellence throughout every stage of the project. From deploying the innovative eighth Fast4Ward MPF hull, to providing exceptional asset management, SBM Offshore is poised to enhance TotalEnergies’ operational efficiency effectively.
SBM Offshore's Role in Global Energy Transition
With a stellar reputation, SBM Offshore has established itself as a world leader in deepwater ocean-infrastructure. The company skillfully navigates the design, construction, installation, and operation of offshore floating facilities. In this capacity, SBM Offshore plays a vital role in contributing to a sustainable energy future.
Innovation in Energy Production
By focusing on core competencies, SBM Offshore not only delivers energy solutions that are cleaner and more efficient but also innovates within the burgeoning blue economy. With a dedicated workforce of over 7,800 professionals, SBM Offshore collaborates globally to provide forward-thinking solutions, ensuring a balanced approach to ocean protection and progressive energy production.
Future Prospects and Financial Outlook
Looking ahead, the financial calendar presents various key dates for investors. As we approach mid-year assessments, the anticipation for Half Year 2025 earnings on August 7 is high, followed by the Third Quarter Trading Update on November 13, and Full Year Earnings announcement scheduled for February 26, 2026.
Moreover, the Annual General Meeting will take place on April 15, 2026, alongside the First Quarter Trading Update set for May 7 of the same year. Investors can look forward to these announcements that will unfold the company's financial progress and strategic directions.
Contact Information for Inquiries
For additional information related to this announcement, stakeholders can reach out directly to our Investor Relations team. Wouter Holties, the Corporate Finance & Investor Relations Manager, is available for inquiries at +31 (0)20 236 32 36. Alternatively, emails can be directed to wouter.holties@sbmoffshore.com. For media inquiries, contact Giampaolo Arghittu, Head of External Relations, at +31 (0)6 212 62 333 or +39 33 494 79 584.
Frequently Asked Questions
What is the significance of the contract between SBM Offshore and TotalEnergies?
The contract is significant as it establishes SBM Offshore as the first FPSO operator in Suriname and fosters a strong strategic partnership with TotalEnergies.
How long will the operations and maintenance services last?
The operations and maintenance services will last for a minimum of two years post first oil, with options for extension.
What are some key aspects of the project for Block 58?
The project focuses on readiness for oil production and operational efficiency, aligning with SBM Offshore's commitment to sustainable practices.
What is SBM Offshore's core mission?
SBM Offshore's core mission is to provide innovative solutions in offshore energy production while safeguarding ocean ecosystems.
Where can I find more information about SBM Offshore?
Interested parties can visit the SBM Offshore official website at www.sbmoffshore.com for extensive information.
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