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SBM Offshore N.V — Earnings Release 2011
Oct 4, 2011
3882_iss_2011-10-04_80f48e99-5e19-4d83-b217-cbec88bf8677.pdf
Earnings Release
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Press release - SBM Offshore N.V. 4 October 2011
SBM OFFSHORE N.V. DELIVERS SEMI-SUBMERSIBLE DRILLING RIG "DELBA III" AND RECEIVES TWO YEAR EXTENSION FOR OPERATIONS ON FPSO SERPENTINA
1. Supply of Semi-Submersible drilling rig "Delba III" completed
The Semi-Submersible drilling rig "Delba III" has been delivered and handed over to our client Delba Drilling International Coöperative U.A. offshore Abu Dhabi on 30 September 2011.
The rig is the last of the series of three Semi-Submersible drilling rigs which the Company contracted to supply to Brazilian clients.
2. Two year extension for the operations on FPSO Serpentina
The Company has received an extension of two years for the operating contract of the FPSO Serpentina from ExxonMobil in Equatorial Guinea, with options to extend for a further three years.
3. Financial Agenda
| Trading Update Q3 2011 - Press Release (07.30 CET) | 17 November | 2011 |
|---|---|---|
| Full-year Results 2011 - Press Release (07.30 CET) 02 March |
2012 | |
| Full-year Results 2011 - Analysts Presentation (Amsterdam) | 02 March | 2012 |
| Publication Annual Report and Agenda Annual General Meeting of Shareholders | 28 March | 2012 |
| Trading Update Q1 2012 - Press Release (07.30 CET) | 16 May | 2012 |
| Annual General Meeting of Shareholders (Rotterdam) | 16 May | 2012 |
| Half-year Results 2012 - Press Release (07.30 CET) | 16 August | 2012 |
| Half-year Results 2012 - Analysts Presentation (Amsterdam) | 16 August | 2012 |
| Trading Update Q3 2012 - Press Release (07.30 CET) 15 November |
2012 |
4. Corporate Profile
The Dutch public company SBM Offshore N.V. is the holding company of a group of international, marine technology orientated companies. Its business is to serve on a global basis the offshore oil and gas industry by supplying engineered products, vessels and systems, and offshore oil and gas production services.
The product line comprises:
- Offshore import/export terminals for crude oil, refined products, LPG and LNG, mostly based on the single point mooring principle, Floating Production and/or Storage and Offloading systems (FSOs and FPSOs) and other floating production facilities based on ship hulls, semi-submersibles and Tension Leg Platforms (TLPs);
- Offshore oil and gas production services through the leasing of integrated production and storage facilities owned and operated by the Company;
- Design, construction and supply of semi-submersible drilling platforms;
- Special designs and engineering services and delivery of specific hardware components for dynamically positioned drillships, semi-submersible drilling platforms, jack-up drilling platforms, jack-up platforms for civil construction, large capacity offshore cranes, elevating and lifting systems, crane vessels and other specialised work vessels;
- Offshore construction and installation contracting services.
The Board of Management Schiedam, 4 October 2011
For further information:
SBM Offshore N.V. Karel Doormanweg 66 3115 JD Schiedam
Post address: P.O. Box 31 3100 AA Schiedam The Netherlands
Contact person: Mr. Sebastiaan de Ronde Bresser
| Telephone: | (+377) 92 05 85 15 |
|---|---|
| Mobile: | (+33) 643 919 312 |
| Fax: | (+377) 92 05 89 40 |
| E-mail: | [email protected] |
| Website: | www.sbmoffshore.com |
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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. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company's business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "may", "will", "should", "would be", "expects" or "anticipates" or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV 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 subsequent events or circumstances.