2011 Annual Report - SBM Offshore

esource, through selected R&D, to maintain our edge over competitors.
Let me sum up what I expect of SBM Offshore in the year ahead. The senior team needs to perform, throughout
our portfolio of projects, in line with our commitments. Critically, this demands resolution of the Yme challenge
and the refocus of the business, under the direction of a single common management structure with absolute
clarity of responsibility, on a product and service range related exclusively to our core competence of FPSOs.
Within a year, I expect everyone in the Company to understand and own these changes, as the keys to success. I
expect us to be disciplined and for our performance to be assessed by reference to each individual’s delivery– by
their outputs, not their inputs. Then, with a new organisation under renewed branding, we will be able to take
advantage of the extraordinary future that is developing in offshore oil and gas.
This is a customized selection from the SBM Offshore N.V. Annual Report 2011
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