1.1.22021 In Brief
A US$850 million non-recourse senior secured notes transaction was successfully priced. The issuer of the notes is the subsidiary company Guara Norte, which owns FPSO Cidade de Ilhabela and in which SBM Offshore has a 75% interest.
Full Year 2020 Earnings: guidance was delivered, year-on-year net increase in backlog of almost US$1 billion and a dividend of US$165 million being an increase of 10% on the previous year.
SBM Offshore signed a Letter of Intent (LoI) with Petrobras for a 26.25 year lease and operate contract for the FPSO Almirante Tamandaré, to be deployed at the Búzios field offshore Rio de Janeiro, Brazil. We will design and construct theusing our industry leading Fast4Ward® program.
During the Annual General Meeting Douglas Wood was re-appointed as member of the Management Board and Chief Financial Officer and Ingelise Arntsen was appointed as member of the Supervisory Board.
First Quarter 2021 Trading Update: despite COVID-19 strong operating performance and major projects under construction progressing as expected. Fleet operational uptime was 98.6% over the quarter. Financial guidance was maintained.
SBM Offshore completed the project financing of the Prosperity (FPSO) for a total of US$1.05 billion.
SBM Offshore signed, following a binding Letter of Intent (LoI), contracts with Petrobras for the 26.25 year lease and operation of FPSO Almirante Tamandaré.
SBM Offshore signed a Letter of Intent (LoI) with Petrobras for a 22.5 year lease and operate contract for the FPSO Alexandre de Gusmão, to be deployed at the Mero field offshore Arraial do Cabo, Rio de Janeiro state, in Brazil. We will design and construct theusing our industry leading Fast4Ward® program.
Half Year 2021 Earnings: financial results in line with management expectation, with record-level US$29.5 billion backlog and increased shareholder returns thanks to launch of EUR150 million share repurchase program. Announcement of the Company’s renewable energy ambition to co-develop or participate as a Floating Offshore Wind technology or turnkey provider in 2of projects over the next decade.
SBM Offshore completed the project financing of FPSO Sepetiba for a total of US$1.6 billion, which is the largest project financing in our history.
We also secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré.
Liza Unity (FPSO) was the firstin the world to be awarded a SUSTAIN-1 notation.
SBM Offshore completed its EUR150 million 2021 share repurchase program.
Third Quarter Trading Update: strong performance despite ongoing COVID-19 challenges, financial results in line with management expectations.
SBM Offshore was awarded contracts by ExxonMobil to perform Front End Engineering and Design (FEED) for an SBM Offshore will design and construct the using its industry leading Fast4Ward® program.for the Yellow Tail development project in Guyana. Subject to Guyana government approvals and project sanction and release of second phase of work by the client,
Following the binding Letter of Intent (LoI), SBM Offshore signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Alexandre de Gusmão.
SBM Offshore secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão.