PR - 2012.06.14 - Shell Fram and EFA - SBM Offshore

SBM M Offshore O
ffshore
ffshore receives receives receives receives receives receives interim interim interim interim interim interim award award award award award award award award award award for for for for for for for for for Fram Fram Fram Fram Fram Fram Fram Fram Fram FPSO FPSO FPSO FPSO FPSO FPSO FPSO FPSO from from from from from from Shell
Shell
Shell
Shell
Shell
under under under framework framework framework framework agreement
agreement
agreement
agreement
agreement
agreement
agreement
agreement
15 15 15 June June June 2012
2012
2012
SBM SBM SBM Offshore Offshore Offshore Offshore Offshore is is is is is pleased pleased pleased pleased pleased to to to to to to to announce announce announce announce announce announce that that that that that it it it it has
has has
has
has
received received a a a letter letter letter letter of of of of of interim interim interim interim award award award award award (LOIA) (LOIA) from from Shell
Shell for for the
supply, supply, supply, lease lease lease lease and and and and operation operation operation operation of of
of
a FPSO for for for the the the the Fram Fram Fram field field
field
in the the UK UK sector sector of of the the North North Sea Sea. Sea
. The The LOIA LOIA allows allows allows SBM
SBM
SBM
Offshore Offshore Offshore to to to commence
commence
commence engineering enginee
ring ring and and and procurement procurement procurement of of
long long lead lead lead items items items to to ensure
ensure timel timely y y completion completion of of the
the
planned
planned Fram Fram FPSO FPSO project, project, project, project, which which which which is is is is is subject subject subject subject subject subject to to to to to to to a a a a a a a a Final Final Final Final Final Investment Investment Investment Investment Investment Investment Investment Investment Decision Decision. Decision
Decision
Decision
In In In March March March March 2012, 2012, 2012, 2012, 2012, Shell Shell Shell Shell and and and and and and SBM SBM SBM SBM SBM SBM Offshore Offshore Offshore Offshore Offshore signed signed
signed
signed
an Enterprise Enterprise Framework Framework Framework Framework Agreement Agreement
Agreement
Agreement (EFA) covering covering a a a term term of
five year yearss,
, , , with with with an an an option option option option to to to to extend extend extend extend extend for for for for another another another another five years years, , to supply small small small and and and and medium medium medium medium sized sized sized FPSOs
FPSOs
FPSOs globally
globally on a
lease lease lease and and and and operate operate operate operate basis. basis. basis. basis. basis. The The The The The Fram Fram Fram Fram FPSO FPSO, FPSO
FPSO
FPSO
FPSO
, , , subject subject subject to to to a a a a Final Final Final Final Investment Investment Investment Investment Investment Investment Decision, Decision, Decision, Decision, Decision, will will will be be the the first first first project project
project to be
developed developed developed under under under the the the the terms terms terms terms of of of th the th
th
EFA.
The The The hull hull hull of of of the the the FPSO FPSO
FPSO will will be be based based based on on a
a converted converted converted Aframax Aframax Aframax tanker tanker
tanker and and will will will incorporate incorporate incorporate an internal internal turret
turret
turret
permanent permanent permanent mooring mooring mooring mooring system. system. system. system. system. system. The The The The The crude crude crude crude will will will will will be be
be
offloaded to to shuttle shuttle shuttle tankers tankers tankers tankers and and and the the the g ggas
g
gas
as as exported exported via via via the the the the existing
existing
Fulmar Fulmar pipeline.
Bruno Bruno Bruno Bruno Chabas Chabas Chabas Chabas CEO CEO CEO CEO CEO of of of of of of of SBM SBM SBM SBM SBM SBM SBM Offshore Offshore Offshore Offshore Offshore Offshore Offshore said: said: said: said: said: said: said: said: “We “We “We “We “We “We “We are are are are delighted
delighted
delighted
delighted by the t e letter letter of of of interim interim award
award
for this this FPSO FPSO lease
lease
and and operate project project project project project project in in in in in in the the the the the the the North North North North North North North Sea Sea Sea Sea Sea Sea Sea Sea for for for for for for for for Shell. Shell. Shell. Shell. Shell. Shell. Shell. Shell. This This This This This This This This This This award award award award award award award award award reaffirms reaffirms reaffirms reaffirms reaffirms reaffirms reaffirms reaffirms reaffirms our our our our our our our our strategy strategy strategy strategy strategy strategy strategy to to to to to to to focus focus focus focus focus focus focus focus on on on on on on on FPSOs
FPSOs
FPSOs
FPSOs
FPSOs
FPSOs FPSOs as we
develop
develop SBM Offshore’s Offshore Offshore’s
’s ’s ’s ’s ’s ’s position position position position position position as as as as as as as as the the the the the the the world’s world’s world’s world’s world’s world’s world’s world’s leading leading leading leading leading leading leading leading leading FPSO FPSO FPSO FPSO FPSO FPSO FPSO FPSO FPSO FPSO provider. provider. provider. provider. provider. provider. provider. provider. provider. The The The The The The The The agreement agreement agreement agreement agreement agreement agreement agreement agreement agreement signed signed signed signed signed signed signed signed signed earlier earlier earlier earlier earlier earlier earlier in in
in
in
the year
is is is a a a a commitment commitment commitment to to to to to to work work work work work work work with with with with with with Shell Shell Shell Shell Shell on on on on on a a a a a a long long long long term term term term basis basis
to develop develop offshore offshore offshore floating floating floating floating solutions.
solutions.
solutions. We We look look forward forward to
to
developing developing developing developing developing many many many many many many more more more more more more more more FPSO FPSO FPSO FPSO FPSO FPSO projects projects projects projects projects projects projects projects with with with with with with with with with Shell Shell Shell Shell Shell Shell Shell Shell Shell around around around around around around the the the the the the the world world world world world world in in in in in in the the the the the future”
future” future”. future”
future”
future”
future”
www.sbmoffshore.com
www.sbmoffshore.com
Press Press release
release
release
release
Page 1 of 3

Financial Financial Calenda Calendarr
Extraordinary Extraordinary General General General Meeting Meeting Meeting Meeting of of of of Shareholders
Shareholders
Shareholders
Shareholders
Half-year Half year year year Results Results Results 2012
2012
2012 - Press Release Release (07.30 (07.30 CET)
Half-year Half year year year Results Results Results 2012
2012
2012 - Analysts Analysts Analysts Analysts Presentation Presentation Presentation Presentation Presentation (Amsterdam)
(Amsterdam)
(Amsterdam)
Trading Trading Trading Update Update Update Update Q3 Q3 Q3 2012
2012 - Press Press Release Release Release (07.30 (07.30 (07.30 (07.30 CET)
CET)
Full-year Full year year year Results Results Results 2013 2013
– Press Press Release Release (07:30 (07:30 CET)
Full-year Full year Results Results 2013 – Analysts Analysts Analysts Analysts Presentation Presentation Presentation Presentation Presentation (Amsterdam)
(Amsterdam)
(Amsterdam)
Trading Trading Update Update Q
Q1 Q 1 2013 - Press Press Release Release Release (07.30 (07.30 (07.30 (07.30 CET)
CET)
Annual nnual nnual nnual General General General General General General Meeting Meeting Meeting Meeting Meeting Meeting of of of of of of of Shareholders Shareholders Shareholders Shareholders Shareholders Shareholders Shareholders (Rotterdam (Rotterdam (Rotterdam (Rotterdam (Rotterdam (Rotterdam (Rotterdam 14.30 14.30 14.30 14.30 14.30 14.30 CET)
CET)
CET)
CET)
CET)
Half-year Half year year year Results Results Results 201 2013 201
201
- Press Press Release Release (07.30 (07.30 CET)
Half-year Half year year year Results Results Results 201 2013 201
201
- Analysts Analysts Analysts Analysts Presentation Presentation Presentation Presentation Presentation (Amsterdam)
(Amsterdam)
(Amsterdam)
Trading Trading Trading Update Update Update Update Q3 Q3 Q3 201
201 2013 - Press Press Release Release Release (07.30 (07.30 (07.30 (07.30 CET)
CET)
Corporate Corporate Profile
Profile
Profile
SBM SBM SBM SBM SBM Offshore Offshore Offshore Offshore Offshore Offshore Offshore Offshore N.V. N.V. N.V. N.V. N.V. N.V. N.V. N.V. provides provides provides provides provides provides provides provides provides floating floating floating floating floating floating floating floating production production production production production production production production production production production solutions solutions solutions solutions solutions solutions solutions solutions solutions solutions solutions solutions to to to to to to to to to to to to to to the the the the the the the the the the the the the offshore offshore offshore offshore offshore offshore offshore offshore offshore offshore offshore offshore offshore energy energy energy energy energy energy energy energy industry, industry, industry, industry, industry, industry, industry, industry, industry, industry, over over over over over over over over over the the the the the the the the full full full full full full full full full product product product product product product product life
life
life-
life
life
life
life
life
life
cycle.
cycle. The The The The The The Company Company Company Company Company Company Company is is is is is market market market market market market market leading leading leading leading leading leading leading leading in in in in in in in in in in leased leased leased leased leased leased leased leased leased leased floating floating floating floating floating floating floating floating floating floating floating production production production production production production production production production production production production systems systems systems systems systems systems systems systems systems systems with with with with with with with with with with multiple multiple multiple multiple multiple multiple multiple multiple multiple multiple units units units units units units units units currently currently currently currently currently currently in
in
in
in
in
in
in
operation, operation, and and has has unrivalled
unrivalled operational operational operational experience experience experience experience in in in this this this this field.
field.
field.
The The The The The Company’s Company’s Company’s Company’s Company’s Company’s main main main main main main main main activity activity activity activity activity activity activity activity activity activity is is is is is is is is is is the the the the the the the the the the design, design, design, design, design, design, design, design, design, supply, supply, supply, supply, supply, supply, supply, supply, supply, supply, supply, supply, installation installation installation installation installation installation installation installation installation installation installation installation and and and and and and and and and and and operation operation operation operation operation operation operation operation operation operation operation of of of of of of of of of of of Floating Floating Floating Floating Floating Floating Floating Floating Floating Production, Production, Production, Production, Production, Production, Production, Production, Storage
Storage Storage
Storage
Storage
Storage
Storage
and
Offloading Offloading Offloading (FPSO) (FPSO) (FPSO) vessels.
vessels. vessels. These These These These These are are are are are either either either either either owned owned owned owned owned owned owned and and and and and and and and operated operated operated operated operated operated operated operated operated by by by by by by by by by the the the the the the the the the Company Company Company Company Company Company Company and and and and and and leased leased leased leased leased leased leased leased to to to to to our our our our our our clie
clie clients clie
clie
clie
clients
or
supplied
supplied on on a a turnkey turnkey turnkey sale sale sale basis basis. basis
basis basis.
The The The Company Company Company Company Company has has has has has has built built built built over over over over over over over several several several several several years years years years a a a a large large large in in-house in
in
house house house house engineering, engineering, engineering, engineering, engineering, engineering, procurement procurement procurement procurement procurement procurement and and and and and and and project project project project project management
management
management
management
management
capability, capability, capability, capability, capability, to to to to to to to to to ensure ensure ensure ensure ensure ensure ensure ensure ensure consistency consistency consistency consistency consistency consistency consistency consistency from from from from from from from from project project project project project project project project project project project project project to to to to to to to to to to to to to project, project, project, project, project, project, project, project, project, project, project, project, and and and and and and and and and and and and so so so so so so so so so so so enable enable enable enable enable enable enable enable enable enable enable a a a a a a a a a a a continuous continuous continuous continuous continuous continuous continuous continuous continuous improvement improvement improvement improvement improvement improvement improvement improvement improvement improvement process process process process process process for
for
for
for
for
for
for
enhancement enhancement enhancement of of of of product product product product product quality.
quality.
quality.
quality.
Headqu
Headquartered artered artered artered artered in in in in in Schiedam, Schiedam, Schiedam, Schiedam, Schiedam, the the the the the the the Company Company Company Company Company Company Company employs employs employs employs employs employs employs employs over over over over over 6,200 6,200 6,200 6,200 people
people people
people
people worldwide, worldwide, worldwide, who who who are are are are spread spread spread spread spread over over over over seven
seven
seven
execution execution execution execution execution execution execution execution centres, centres, centres, centres, centres, centres, centres, eight eight eight eight eight eight eight eight operational operational operational operational operational operational operational operational operational shore shore shore shore shore shore shore shore shore bases, bases, bases, bases, bases, bases, bases, bases, bases, bases, bases, bases, several several several several several several several several several several several several construction construction construction construction construction construction construction construction construction construction construction construction construction yards yards yards yards yards yards yards yards yards yards yards and and and and and and and and and and and the the the the the the the the the the offshore offshore offshore offshore offshore offshore offshore offshore offshore offshore fleet fleet fleet fleet fleet fleet fleet fleet fleet fleet of of of of of of of of vessels.
vessels.
vessels.
vessels.
vessels.
vessels.
vessels.
The The The Board Board Board of of of of Management
Management
Management
Management
Schiedam, Schiedam, 15 June
June 2012
For For For further further further information,
information
information please please contact contact: contact
Sebastiaan Sebastiaan Sebastiaan de de de Ronde Ronde Ronde Ronde Bresser
Bresser
Bresser
Bresser
Telephone:
Telephone:
Mobile:
Mobile:
E-mail: mail:
Website:
Website:
www.sbmoffshore.com
www.sbmoffshore.com
(+377) (+377) 92 92 92 05 05 85 85 15
15
(+33) (+33) 643 643 919 919 312
312
312
sebastiaan.derondebresser@sbmoffshore.com
sebastiaan.derondebresser@sbmoffshore.com
sebastiaan.derondebresser@sbmoffshore.com
www.sbmoffshore.com
www.sbmoffshore.com
Date
Date
27 27 June
June
16 16 August
August
16 16 August
August
15 15 November
November
7 7 March
7 7 March
23 23 May
23 23 May
8 August
August
8 August
August
14 November
November
Year
2012
2012
2012
2012
2013
2013
2013
2013
2013
2013
2013
Page 2 of 3

www.sbmoffshore.com
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations
and other forward
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
from the forward
forward
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
www.sbmoffshore.com
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations
and other forward
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
from the forward
forward
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
www.sbmoffshore.com
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations
and other forward
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
from the forward
forward-lo
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
www.sbmoffshore.com
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations
and other forward
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
from the forward
looking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
www.sbmoffshore.com
Some of the statements contained in this release that are not historical facts are statements of future expectations
and other forward
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
from the forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
www.sbmoffshore.com
Some of the statements contained in this release that are not historical facts are statements of future expectations
and other forward-looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
from the forward-looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentio
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
subsequent events or circumstances.
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
from those in such statements. Such forward-
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
Some of the statements contained in this release that are not historical facts are statements of future expectations
looking statements based on management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
-looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
obligation, to update any industry information or forward-looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements. Certain such forward-looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not in
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to vari
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
looking statements are subject to various risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Page
Some of the statements contained in this release that are not historical facts are statements of future expectations
management’s current views and assumptions and involve known
and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially
ous risks and uncertainties,
which may cause actual results and performance of the Company’s business to differ materially and adversely
looking statements can be identified by the use of
oking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or
similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by
ns. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those described in this
tend, and does not assume any
looking statements set forth in this release to reflect
Page
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