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FPSO Cidade de Anchieta safely resumes production

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The FPSO Cidade de Anchieta has resumed production after successful inspection, repair, and certification of 4 tanks, compliant with client and local authority approvals. Repair work on remaining tanks is set to continue until the end of 2023. SBM Offshore is committed to enhancing energy transition through innovative solutions in the offshore energy sector. The company employs over 5,000 professionals globally, dedicated to delivering sustainable energy. Upcoming financial disclosures include Full Year 2022 Earnings on February 23, 2023, and an Annual General Meeting on April 13, 2023.

Positive
  • Successful resumption of production for FPSO Cidade de Anchieta.
  • Compliance with local authorities and client approvals for tank repairs.
  • Commitment to energy transition and reduction of emissions.
Negative
  • Ongoing repair works on remaining tanks extended to end of 2023.

December 20, 2022

The FPSO Cidade de Anchieta has safely resumed production following the inspection, repair and certification of 4 tanks in agreement with the client and approved by Class and local authorities. As announced on November 10, 2022, repair works on the remaining tanks will continue at least until the end of next year.


Corporate Profile

SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry. As a leading technology provider, we put our marine expertise at the service of a responsible energy transition by reducing emissions from fossil fuel production, while developing cleaner solutions for renewable energy sources.

More than 5,000 SBMers worldwide are committed to sharing their experience to deliver safe, sustainable and affordable energy from the oceans for generations to come.

For further information, please visit our website at www.sbmoffshore.com.

Financial Calendar DateYear
Full Year 2022 EarningsFebruary 232023
Annual General MeetingApril 132023
First Quarter 2023 Trading UpdateMay 112023
Half Year 2023 EarningsAugust 102023
Third Quarter 2023 Trading UpdateNovember 92023


For further information, please contact:

Investor Relations
Ludovic Robino
Investor Relations Manager

Mobile:+31 (0) 6 15 16 50 35
E-mail:ludovic.robino@sbmoffshore.com
Website:www.sbmoffshore.com

Media Relations
Vincent Kempkes
Group Communications Director

Mobile:+377 (0) 6 40 62 87 35
E-mail:vincent.kempkes@sbmoffshore.com
Website:www.sbmoffshore.com

Market Abuse Regulation

This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer

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 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 from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Risk Management’ section of the 2021 Annual Report.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

"SBM Offshore®", the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “Float4WindTM” are proprietary marks owned by SBM Offshore.

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FAQ

What is the significance of FPSO Cidade de Anchieta resuming production?

The resumption indicates successful repairs and compliance with safety standards, contributing positively to SBM Offshore's operational capabilities.

What are the upcoming financial dates for SBM Offshore?

SBM Offshore will release its Full Year 2022 Earnings on February 23, 2023, and hold its Annual General Meeting on April 13, 2023.

How many employees does SBM Offshore have?

SBM Offshore employs over 5,000 professionals committed to delivering sustainable energy solutions.

What challenges does SBM Offshore face with FPSO Cidade de Anchieta?

SBM Offshore is facing extended repair works on remaining tanks, projected to continue until the end of 2023.

How does SBM Offshore contribute to energy transition?

SBM Offshore focuses on reducing emissions and providing innovative solutions for renewable energy sources in the offshore energy sector.

SBM OFFSHORE NV ORD

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