1.2About SBM Offshore and its Global Presence

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product lifecycle. The Company is market-leading in leased floating production systems with multiple units currently in operation worldwide and has a unique breadth of operational experience in this field.

Ownership and Operating Structure

The Company’s main activities are the design, supply, installation, operation and life extension of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis. Other products include: semi-submersibles, Tension Leg Platforms (TLP), Liquidified Natural Gas FPSOs, Turret Mooring Systems (TMS), brownfield, offshore (off)loading terminals and most recently solutions for renewable energy. With an operating fleet of 14 FPSOs, two Floating Storage and Offloading vessels (FSO), one MOPU and one semi-submersible in operation worldwide at year-end and over 300 years of cumulative FPSO operational experience within the industry, the Company is considered a market leader in providing leased production floating systems.

With its corporate seat in Amsterdam in the Netherlands, SBM Offshore employees total almost 4,300 and are spread across various office locations, nine operational shore bases and the offshore fleet of vessels. Group companies employ circa 4,800 people worldwide, which includes over 500 working for the joint venture construction yards.