<strong>SBM</strong> <strong>Offshore</strong> operates from three main execution centres Monaco Schiedam Houston 2
Introduction <strong>SBM</strong> <strong>Offshore</strong> N.V. (<strong>SBM</strong> <strong>Offshore</strong>, ‘the Company’) is a multinational group of companies selling systems and services to the oil and gas industry. The Company’s clients are mainly the offshore oil and gas producing companies both private and government owned, and its market position has been established in a strongly competitive environment. <strong>SBM</strong> <strong>Offshore</strong> operates through five fully owned operating units that are among the leaders in their respective niche markets. The Company currently employs over 3,000 people. Product line <strong>SBM</strong> <strong>Offshore</strong> activities include the engineering, supply and offshore installation of floating facilities for the production, storage and export of crude oil and gas. These comprise Floating Production Storage and Offloading systems (FPSOs), Floating Storage and Offloading systems (FSOs), Tension Leg Platforms (TLPs), monohull and semisubmersible Floating Production Units (FPUs), as well as self elevating Mobile <strong>Offshore</strong> Production Units (MOPUs). <strong>SBM</strong> <strong>Offshore</strong> was in 1979 the pioneer in offering an integrated oil and gas production service through the investment in F(P)SOs for its own account and the leasing and operation of the facility offshore. Today, this concept has generally been accepted as advantageous by most of the oil companies, particularly in deep waters and this business is a major component of the Company’s activity. Included in the product line are all the systems, mostly based on the Single Point Mooring principle, used to moor crude oil and gas carriers in open seas for the purpose of loading or offloading cargoes. Derived from the same technology, the complex mooring systems to keep floating facilities on station on the production sites are also a core product of the Company; they are of various types such as fixed heading or weathervaning, permanent or disconnectable. Besides these activities, the Company provides design and engineering services, sometimes within turnkey supply contracts, for crane vessels, pipelay barges and drilling units of all types, such as monohull, jack-up and semi-submersible. 3 Corporate Profile In the wake of all the above, another steady activity which represents quite a substantial element in the Company’s business is the provision of specialised services such as maintenance, spare parts, repairs and offshore installation. They are an essential complement to the sales of facilities, offering to clients a comprehensive and integrated service. NKI Group, providing equipment for airport infrastructure remains after the sale of the Company’s former shipbuilding division the only operating unit of the Company with activities outside the core business of <strong>SBM</strong> <strong>Offshore</strong>. It is the intention to divest this unit in the short to medium term. Strategy and organisation In respect of both the sales of facilities and lease and operate activities, there is a set of centrally agreed and controlled financial and strategic rules as well as a Group Management System defining the Company procedures. Within these limits, each subsidiary markets its products and services independently, and under its own identity. At the same time, the subsidiaries make extensive use of each others’ core skills and resources, common market knowledge, and network of clients, suppliers and strategic project partners. The corporate culture is characterised by market-oriented innovation. <strong>SBM</strong> <strong>Offshore</strong> is a trendsetter in the development of new cost-saving solutions which optimally respond to clients’ changing needs. In order to protect and expand its leading market position, it devotes great attention to research and development, as well as to the management of financial and technical risks. The Company owns a large number of patents. <strong>SBM</strong> <strong>Offshore</strong> currently operates from three main execution centres: Engineering and Project Management resources are located in Monaco, Schiedam and Houston. The operation of the leased units is managed and supported from Monaco and corporate functions are located in each of Schiedam, Marly (Switzerland) and Monaco. Beyond these main centres, there are permanent establishments in sixteen countries for regional marketing and sales, local management of offshore operations and construction activities.
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