SBM Offshore NV (SBM Offshore) is a provider of floating production solutions to the offshore oil and gas industry. The company designs, supplies, installs and operates floating production, storage and offloading (FPSO) vessels. SBM Offshore leases its FPSO vessels to its clients. It also takes up FPSO projects for its clients on a turnkey basis. The company's major product offerings include FPSOs, tension leg platforms (TLPs) and semi-submersibles, turret mooring systems, brownfield and offshore loading terminals, floating offshore wind (FOW) and floating liquefied natural gas (FLNG) facilities. SBM Offshore also provides after-sales services, and vital rapid response solutions. The company owns interests in construction yards in Angola and Brazil. SBM Offshore is headquartered in Schiphol, the Netherlands.
Headquarters
Netherlands
Address
Evert Van De Beekstraat 1-77, Schiphol, 1118CL
Website
www.sbmoffshore.com
Telephone
31 20 2363000
No of Employees
5,499
Industry
Energy and Utilities
Ticker Symbol & Exchange
SBMO (AMS)
Revenue (2022)
$4.9B
33.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
12.8%
(2022 vs 2021)
Market Cap*
$2.5B
Net Profit Margin (2023)
XYZ
-15.7%
(2022 vs 2021)
* As of and is in US$
SBM Offshore NV premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Floating Production Storage and Offloading | After Sales Services |
| Tension Leg Platforms and Semi-Submersibles | Provision of Swivels and Mechanical Parts |
| FPSO with Gas-To-Liquid | Rapid Response Solutions |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In May, the company entered into a 10-year operations and maintenance enabling agreement with ExxonMobil Guyana for its Guyana FPSO fleet. |
| 2023 | Plans/Strategy | In April, the company along with Kyushu Electric Power, Mitsui O.S.K. Lines, Technip Energies, Transborders and Add Energy announced their plans to work with Buru to refine the objectives, work scope and cost and schedule parameters associated with the next phase of pre-FEED definition. |
| 2023 | Financing Agreements | In March, the company signed the project financing of FPSO Almirante Tamandare for a total of US$1.63 billion. |
Competitor Comparison
| Key Parameters | SBM Offshore NV | Saipem SpA | Modec Inc | Altera Infrastructure LP | BW Offshore Ltd |
|---|---|---|---|---|---|
| Headquarters | Netherlands | Italy | Japan | Bermuda | Bermuda |
| City | Schiphol | SAN DONATO MILANESE | CHUO-KU | PEMBROKE | HAMILTON |
| State/Province | - | - | Tokyo | - | - |
| No. of Employees | 5,499 | 31,634 | 4,781 | 1,700 | 2,030 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Bruno Chabas | Chief Executive Officer | Senior Management | 2012 | 59 |
| Douglas Wood | Chief Financial Officer | Senior Management | 2016 | 52 |
| Oivind Tangen | Chief Operating Officer | Senior Management | 2022 | 50 |
| Lilia Alexander | Chief Compliance Officer; General Counsel | Senior Management | 2022 | - |
| Roeland Baan | Chairman | Non Executive Board | 2018 | 66 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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