2011 Annual Report - SBM Offshore

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5.1.2 Environmental Reporting Environmental performance of the 11 production and/or storage units is reported taking into account the following reporting boundaries: • units in the Company's fleet producing and/or storing hydrocarbons under lease and operate contracts during 2011;; • units in which the Company exercises full operational management control;; • units in which the Company has full ownership or participates in a Joint Venture (JV) partnership, where the Company controls 50% or more of the shares. Offshore Production environmental performance results are chosen according to the performance indicators relative to GRI. This includes greenhouse gases referred to as GHG, which are N2O, CH4 and CO2, in addition to other non-GHG air emissions, such as CO, NOx, SO2 and VOC. The air emissions calculation from the offshore production units are performed using as the basis for the calculation the method recommended by Oil & Gas UK (OGUK). The Company uses the WRI Greenhouse Gas Protocol (GHG Protocol) method to calculate CO2 equivalents. Carbon dioxide equivalency is a quantity that describes, for a given mixture and amount of greenhouse gas, the amount of CO2 that would have the same global warming potential (GWP), when measured over a specified timescale (generally, 100 years). For more information on the GHG protocol and country specific calculation methods, please see their website: http://www.ghgprotocol.org/calculation-tools. Environmental spills to air, water or land for the units are reported. All reported air emissions exclude flaring, as this factor, related to the produced fluids from the oil/gas reservoirs, is reported by the Company’s clients. 5.1.3 Human Resource Reporting The Company’s Human Resource data covers the worldwide workforce and is broken down into segments of operating units, employment type, gender, and age. The performance indicators report the workforce status at year end on the 31 st December 2011. It includes all staff who were assigned on permanent and fixed-term contracts, employee hires and departures, total number of locally-employed staff from agencies and all crew working onboard the offshore production units. The performance indicators continue to report using the categories of White Collar and Blue Collar staff in 2011. White Collar is defined as staff working at the Company’s corporate and engineering offices and project execution centres. Blue Collar is defined as personnel working in project execution and construction activities onshore at construction yards, as well as offshore personnel employed onboard the offshore production units. This is a customized selection from the SBM Offshore N.V. Annual Report 2011 82
Performance Reviews / Skills management / Training In order to ensure people development and optimal distribution of resources within the Group, the Company conducts annual performance reviews for all employees. Globally, the Company uses the Hay Competency system to grade and evaluate all permanent staff. As a complementary parallel to this long-established annual performance review, the Talent Management and Succession Planning programs have been launched in 2009. A process called “People Review” is in place to discuss the strengths, development needs and potential future career paths of SBM employees, taking into account a certain number of criteria, and identify those who have the potential to take on greater leadership roles today and tomorrow. New indicators report on number of people reviewed in 2011. The total training hours for all Company staff, for both Blue Collar staff and White Collar staff, are included in this report. 5.2 Performance Indicators 5.2.1 Economic Share Price Listed as SBM Offshore N.V. on the Euronext Stock Exchange, Amsterdam 2011 2010 Turnover as % of share capital 176.53 161.38 Highest share price in € 20.93 17.16 Lowest share price in € 11.75 11.41 Closing share price in € 15.92 16.77 Closing share price in US$ 20.62 22.43 In million of US$ (unless stated otherwise) 2011 2010 Net Profit (440.6) 276.0 EBIT (340.6) 362.4 EBITDA 813.2 688.4 Capital expenditure 840.6 519.0 Total equity at year end 1,349.0 2,123.4 Turnover 3,156.8 3,055.8 Total assets at year end 5,290.1 5,073.4 Shareprice (€) at year end 15.92 16.77 AEX-Index at year end 312.5 354.6 Market Capitalisation US$ at year end 3,534.50 3,783.00 2010 is restated for comparison purpose This is a customized selection from the SBM Offshore N.V. Annual Report 2011 83
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Table of contents 1 Overview 1 1.1
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esource, through selected R&D, to m
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Business Model The Company generate
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1.3 Snapshot 2011 (US$ mln.) 2011 2
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1.4 Stakeholders Information 1.4.1
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1.4.5 Investor Relations The Compan
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1.5 Corporate Strategy 1.5.1 Introd
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1.5.2 Vision, promises and values V
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The Company only enters partnership
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Supply Chain In line with its Code
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1.6 Corporate Management Systems &
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Status updates for the implementati
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This is a customized selection from
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organisation has been implemented w
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3.1.6 Local Content Brazil In Brazi
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New contracts During 2011 the Compa
Page 34 and 35: 3.4 Product and Technology Developm
Page 36 and 37: time, and cost. 3.4.3 Offshore LNG
Page 38 and 39: Appointment of a Managing Director
Page 40 and 41: Loans or guarantees No loans or gua
Page 42 and 43: In case a binding proposal is made,
Page 44 and 45: 3.5.5 Shareholders Share capital At
Page 46 and 47: Dividend The Management Board is au
Page 48 and 49: former notary and presently a lawye
Page 50 and 51: This is a customized selection from
Page 52 and 53: Onshore Operations In addition to t
Page 54 and 55: voluntary basis in Brazil for Occup
Page 56 and 57: Permit-to-Work (Carros) Safety is a
Page 58 and 59: Although unhappy with the increases
Page 60 and 61: 2012. The primary emissions from th
Page 62 and 63: 3.8 Human Resources 3.8.1 Introduct
Page 64 and 65: The total headcount is based on all
Page 68 and 69: The Employee Share Ownership Plan,
Page 70 and 71: White Collar Staff Training is base
Page 72 and 73: 3.9 Sustainable Initiatives 3.9.1 C
Page 74 and 75: 3.9.2 Supply Chain in Focus SBM Off
Page 76 and 77: 3.9.3 Local content In a number of
Page 78 and 79: Equatorial Guinea A very motivated
Page 80 and 81: the building process, an SBM team a
Page 86 and 87: Total Production of Hydrocarbons Of
Page 88 and 89: HSS Accident Statistics for Dynamic
Page 90 and 91: Regional CO2 Emissions Values expre
Page 92 and 93: Permanent Part Time Employees Headc
Page 94 and 95: Women Men Equality % of Women in ma
Page 96 and 97: GRI Index Level C Vision and Strate
Page 98 and 99: LTIFR = (LTI x 200,000)/ EH Where:
Page 100 and 101: Powered by TCPDF (www.tcpdf.org) Ke
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2011 Annual Report - SBM Offshore

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