1.5Competitive Landscape and Market Positioning
SBM Offshore is active in multiple energy markets − oil, gas and renewables. Oil markets mainly supply transportation and industry sectors, while gas and renewables mainly feed into power generation and industry sectors. Currently, most of SBM Offshore’s revenues are derived from the deep water oil and gas markets − with a focus on its Product Line.
The global market fors can be roughly split into three segments:
Another market segmentation factor is water depth. Deeper water typically requires more complex solutions in terms of design and operations. The chart illustrates SBM Offshore’s worldwide fleet expertise in ultra deep water.
SBM Offshore is the leader in its market in terms of total oil and gas production (), the number of cumulative years of operating experience and the number of units delivered to date.