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Technology
COST & SCHEDULE
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The sole intention of this factsheet is to share general information.
Contact Details [email protected]
© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com
April 2017
*Note 1 Leased Units: YETAGUN FSO, FPSO KIKEH, FPSO MONDO, FPSO SAXI BATUQUE, FPSO ESPIRITO SANTO, FPSO CAPIXABA,
FPSO ASENG, FPSO CIDADE DE ANCHIETA, FPSO CIDADE DE PARATY, FPSO N’GOMA, FPSO CIDADE DE ILHABELA, FPSO CIDADE
DE MARICA, FPSO CIDADE DE SAQUAREMA, FPSO TURRITELLA – Operated Units: FPSO SERPENTINA, – Former fleet: FPSO FRADE,
P-57, FPSO VI, FSO DOMY, NKOSSA I, TANTAWAN EXPLORER, FPSO II, FPSO FALCON, FPSO FIRENZE, FPSO RANG DONG I, OKHA,
JAMESTON, FPSO MYSTRAS, FSO OGUZHAN, FSO UNITY, NKOSSA II, KUITO, FPSO BRASIL, SANHA LPG FPSO, FPSO MARLIM SUL
Project DisciplineProduct Line
FPSO
FLOATING PRODUCTION STORAGE AND OFFLOADING Meeting scheduled delivery dates is a key success factor. The graph
below (A) demonstrates SBM Offshore’s performance record for on-target and on-performance deliveries within budget, versus Industry performance (graph B).
Source: Independent Project Analysis, Inc (IPA)
COST GROWTH
SCHEDULE INDEX SCHEDULE SLIP
PRODUCTIONATTAINMENT
OPERABILITYPROBLEMS
“INDUSTRY FPSO PERFORMANCE IS POOR ACROSS ALL EXECUTION STRATEGIES”
CONVERSION FPSOS NEW BUILD FPSOS
90%
80%
70%
60%
50%
90%0%
0.80 -10%
0.90 0%
1.00 10%
1.10 20%
1.20 30%
80%10%70%20%
60%30%50%40%
100%
80%
60%
40%
20%
90%0%
0.80 -10%
0.90 0%
1.00 10%
1.10 20%
1.20 30%
80%10%70%20%
60%30%50%40%
COST GROWTH
SCHEDULE INDEX SCHEDULE SLIP
PRODUCTIONATTAINMENT
OPERABILITYPROBLEMS
(1) Data for the SBM Offshore study – illustrated in Graph A - was based on all SBM FPSO projects during the time period 2008-2016.
The above information and graphic is taken from ‘Great Expectations, a story about FPSO project performance’, Independent Project Analysis, Inc. Used by permission.
SBM FPSOS DELIVERED AND PRODUCING FROM 2008 – 2016
SBM OFFSHORE
Source: SBM Offshore
• Consistently on-time and on-budget
• Fewer start-up problems
• Reliable operations
SBM Offshore Track record
Experience pays - SBM Offshore versus the Industry
SBM Offshore track-record outperforms
SBM Offshore Average
Industry Conversion
Industry New Build
Cost Growth 8% 12% 23%
Schedule Slip 4% 10% 20%
Schedule Index 1.0 1.0 0.9
Operability Problems 30% 70% 80%
Production Attainment 97% 80% 65%
Unrivalled experience and expertise in the design, construction and operation of FPSOs and Turret Mooring Systems in all environments
Leveraging expertize for standardization of FPSOs and offering solutions that maximize cost-saving opportunities and minimize schedule
Success for SBM Offshore is when our clients meet their goals. Our competitive technical and commercial solutions, our delivery track record, operational excellence and production uptime for all our FPSOs demonstrate it.
OUR FPSOs AT A GLANCE DELIVERING ACROSS THE FULL LIFECYCLE EXPERIENCE MATTERS
KEY FPSO ACHIEVEMENTS
14 FPSOs in current operating fleet
3 First Oils in 2016 – including:
• 2 high-capacity, pre-salt FPSOs offshore Brazil for Petrobras
• The world’s deepest production facility, on Shell’s Gulf of Mexico Stones project
99% total historical Oil production uptime
4.9 billion barrels of cumulative production
Delivery of the first Generic FPSO
2002
Delivery of the largest SeastarTM TLP
2003
New Build LPG FPSO
2005
CALM Buoy
1959
Drilling Jack-up
1960
DP Drillship
1972
SBS Mooring System
1973
SALS Mooring System
1977
Leased FPSO
1981
External Turret
1985
Jacket Soft Yoke
1985
Disconnectable Turret
1986
Turnkey North Sea FPSO
1996
Internal Turret
1993
Deepwater CALM Buoy
1999
Deepest Semi-Submerisible in the GoM
2006
Offshore Offloading Line : Trelline™ Installed
2006 2009 2012
GAP™ mid water Fluid Transfer System
2007
Largest Internal Turret with 75 risers
2007
First turret-moored FPSO using steel risers
COOL™ LNG Transfer System
2011
HV-AC Electric Swivel rated at 65KV and 150 MW
VHP Fluid Swivel rated at over 800 bar
1st Generation 3 FPSO (Paraty)
Twin HullTM FLNG ARCATM Mooring System GoM Disconnectable Turret FPSO
2013 2013 2015 2015 2016
Unique track record in EPC, FPSO delivery and operations
Feedback from SBM Offshore’s Projects and Operations team ensures continuous improvement across the full lifecycle
INSTALLATION
CONSTRUCTION
OPERATIONS
ENGINEERING PROCUREMENT
LIFE EXTENSION
DECOMMISSIONING
With more than 60 years of innovation SBM Offshore helps to unlock the Gulf of Mexico’s “Lower Tertiary” reservoirs
The world’s deepest production facility on Shell’s Stones project.
FPSO Turritella claims the world record for the deepest floating production unit at 2,900 meters and the largest disconnectable system, reinforcing SBM Offshore’s reputation as a technology pioneer. FPSO Turritella achieved first oil in September 2016.
• First disconnectanle system with Steel lazy wave risers
• World’s deepest production unit
• 10 year lease contract + options
FPSO ‘Generation 3’ standardized design for high-capacity pre-salt FPSOs offshore Brazil in 2016.
Cidade de Maricá / Cidade de Saquarema benefited from experience on Cidade de Ilhabela
• 25% fewer man hours
• 25% less time required to complete module integration
• 12% decrease in overall time to deliver the projects
SBM’s (G3) FPSO design has proven to be well adapted for pre-salt fields, with an impressive four pre-salt FPSOs in four years.
• 150,000 bpd processing capacity
• 1.6 million barrels storage capacity
• Moored in approximately 2,300 meters water depth
• 20 year lease & operate contracts
A new execution model for the next generation of FPSOs: Fast4WardTM
A faster, cheaper & safer gateway to First Oil in a cash constrained world
Building on the Company’s solid track record for FPSO delivery portfolio and leveraging almost 300 years of cumulative operational experience, SBM Offshore launched its Generation 4 standardized FPSO design in 2016.
Fast4Ward accelerates not only the design process, but also the supply chain and construction phases:
• Save 6 to 12 months on schedule
• Make significant cost savings
Product Life Extension/
De-commissioning
Leader in FPSO relocation
World class after sales Green ship-recycling
Construction
Strategic partnerships Unrivalled EPCI project experience
Operations
Almost 300 years of offshore operational experience 99% total historical Oil
production uptime
Engineering
60 years of industry firsts Leading edge technology
Installation
Dedicated fleet Unparalleled experience
Procurement
Integrated supply chain Global efficiencies Local sourcing Frame agreements with vendors
Since our first FPSO operations for Shell in 1976, SBM Offshore has executed over 30 FPSO projects worldwide (*see Note 1 on back page). SBM Offshore maintains its role as a pioneer by continuously investing in new technology, and offering unique solutions tailored to challenging field dynamics and clients’ needs.
Contractor Specifications
Low cost / Fast-track schedule
Cost optimization
Equipment standardization
Economical ProductionUS$7.20 average unit cost/bbl
Technology & EfficiencyTransformation initiatives
Long-term ContractsAverage 14 year contracts
BacklogUS$17.1 billion
Catalogue of Solutions
FPSO Cidade de Ilhabela
SBM Offshore
50
100
1
0 6 11 16 21 26 31 36 41
.
. . .
.
150
250
200
300
= Industry peers, bubble size relates to cumulative throughput capacity of FPSOs built (kboepd)
Total number FPSOs built (Lease and EPC)
Cum
ulat
ive
FPSO
Op
erat
ing
Exp
erie
nce
(Yea
rs)
3 600 kboepd
2 600 kboepd
1 200 kboepd
Source: SBM Offshore research
Unrivalled experience and expertise in the design, construction and operation of FPSOs and Turret Mooring Systems in all environments
Leveraging expertize for standardization of FPSOs and offering solutions that maximize cost-saving opportunities and minimize schedule
Success for SBM Offshore is when our clients meet their goals. Our competitive technical and commercial solutions, our delivery track record, operational excellence and production uptime for all our FPSOs demonstrate it.
OUR FPSOs AT A GLANCE DELIVERING ACROSS THE FULL LIFECYCLE EXPERIENCE MATTERS
KEY FPSO ACHIEVEMENTS
14 FPSOs in current operating fleet
3 First Oils in 2016 – including:
• 2 high-capacity, pre-salt FPSOs offshore Brazil for Petrobras
• The world’s deepest production facility, on Shell’s Gulf of Mexico Stones project
99% total historical Oil production uptime
4.9 billion barrels of cumulative production
Delivery of the first Generic FPSO
2002
Delivery of the largest SeastarTM TLP
2003
New Build LPG FPSO
2005
CALM Buoy
1959
Drilling Jack-up
1960
DP Drillship
1972
SBS Mooring System
1973
SALS Mooring System
1977
Leased FPSO
1981
External Turret
1985
Jacket Soft Yoke
1985
Disconnectable Turret
1986
Turnkey North Sea FPSO
1996
Internal Turret
1993
Deepwater CALM Buoy
1999
Deepest Semi-Submerisible in the GoM
2006
Offshore Offloading Line : Trelline™ Installed
2006 2009 2012
GAP™ mid water Fluid Transfer System
2007
Largest Internal Turret with 75 risers
2007
First turret-moored FPSO using steel risers
COOL™ LNG Transfer System
2011
HV-AC Electric Swivel rated at 65KV and 150 MW
VHP Fluid Swivel rated at over 800 bar
1st Generation 3 FPSO (Paraty)
Twin HullTM FLNG ARCATM Mooring System GoM Disconnectable Turret FPSO
2013 2013 2015 2015 2016
Unique track record in EPC, FPSO delivery and operations
Feedback from SBM Offshore’s Projects and Operations team ensures continuous improvement across the full lifecycle
INSTALLATION
CONSTRUCTION
OPERATIONS
ENGINEERING PROCUREMENT
LIFE EXTENSION
DECOMMISSIONING
With more than 60 years of innovation SBM Offshore helps to unlock the Gulf of Mexico’s “Lower Tertiary” reservoirs
The world’s deepest production facility on Shell’s Stones project.
FPSO Turritella claims the world record for the deepest floating production unit at 2,900 meters and the largest disconnectable system, reinforcing SBM Offshore’s reputation as a technology pioneer. FPSO Turritella achieved first oil in September 2016.
• First disconnectanle system with Steel lazy wave risers
• World’s deepest production unit
• 10 year lease contract + options
FPSO ‘Generation 3’ standardized design for high-capacity pre-salt FPSOs offshore Brazil in 2016.
Cidade de Maricá / Cidade de Saquarema benefited from experience on Cidade de Ilhabela
• 25% fewer man hours
• 25% less time required to complete module integration
• 12% decrease in overall time to deliver the projects
SBM’s (G3) FPSO design has proven to be well adapted for pre-salt fields, with an impressive four pre-salt FPSOs in four years.
• 150,000 bpd processing capacity
• 1.6 million barrels storage capacity
• Moored in approximately 2,300 meters water depth
• 20 year lease & operate contracts
A new execution model for the next generation of FPSOs: Fast4WardTM
A faster, cheaper & safer gateway to First Oil in a cash constrained world
Building on the Company’s solid track record for FPSO delivery portfolio and leveraging almost 300 years of cumulative operational experience, SBM Offshore launched its Generation 4 standardized FPSO design in 2016.
Fast4Ward accelerates not only the design process, but also the supply chain and construction phases:
• Save 6 to 12 months on schedule
• Make significant cost savings
Product Life Extension/
De-commissioning
Leader in FPSO relocation
World class after sales Green ship-recycling
Construction
Strategic partnerships Unrivalled EPCI project experience
Operations
Almost 300 years of offshore operational experience 99% total historical Oil
production uptime
Engineering
60 years of industry firsts Leading edge technology
Installation
Dedicated fleet Unparalleled experience
Procurement
Integrated supply chain Global efficiencies Local sourcing Frame agreements with vendors
Since our first FPSO operations for Shell in 1976, SBM Offshore has executed over 30 FPSO projects worldwide (*see Note 1 on back page). SBM Offshore maintains its role as a pioneer by continuously investing in new technology, and offering unique solutions tailored to challenging field dynamics and clients’ needs.
Contractor Specifications
Low cost / Fast-track schedule
Cost optimization
Equipment standardization
Economical ProductionUS$7.20 average unit cost/bbl
Technology & EfficiencyTransformation initiatives
Long-term ContractsAverage 14 year contracts
BacklogUS$17.1 billion
Catalogue of Solutions
FPSO Cidade de Ilhabela
SBM Offshore
50
100
1
0 6 11 16 21 26 31 36 41
.
. . .
.
150
250
200
300
= Industry peers, bubble size relates to cumulative throughput capacity of FPSOs built (kboepd)
Total number FPSOs built (Lease and EPC)
Cum
ulat
ive
FPSO
Op
erat
ing
Exp
erie
nce
(Yea
rs)
3 600 kboepd
2 600 kboepd
1 200 kboepd
Source: SBM Offshore research
Unrivalled experience and expertise in the design, construction and operation of FPSOs and Turret Mooring Systems in all environments
Leveraging expertize for standardization of FPSOs and offering solutions that maximize cost-saving opportunities and minimize schedule
Success for SBM Offshore is when our clients meet their goals. Our competitive technical and commercial solutions, our delivery track record, operational excellence and production uptime for all our FPSOs demonstrate it.
OUR FPSOs AT A GLANCE DELIVERING ACROSS THE FULL LIFECYCLE EXPERIENCE MATTERS
KEY FPSO ACHIEVEMENTS
14 FPSOs in current operating fleet
3 First Oils in 2016 – including:
• 2 high-capacity, pre-salt FPSOs offshore Brazil for Petrobras
• The world’s deepest production facility, on Shell’s Gulf of Mexico Stones project
99% total historical Oil production uptime
4.9 billion barrels of cumulative production
Delivery of the first Generic FPSO
2002
Delivery of the largest SeastarTM TLP
2003
New Build LPG FPSO
2005
CALM Buoy
1959
Drilling Jack-up
1960
DP Drillship
1972
SBS Mooring System
1973
SALS Mooring System
1977
Leased FPSO
1981
External Turret
1985
Jacket Soft Yoke
1985
Disconnectable Turret
1986
Turnkey North Sea FPSO
1996
Internal Turret
1993
Deepwater CALM Buoy
1999
Deepest Semi-Submerisible in the GoM
2006
Offshore Offloading Line : Trelline™ Installed
2006 2009 2012
GAP™ mid water Fluid Transfer System
2007
Largest Internal Turret with 75 risers
2007
First turret-moored FPSO using steel risers
COOL™ LNG Transfer System
2011
HV-AC Electric Swivel rated at 65KV and 150 MW
VHP Fluid Swivel rated at over 800 bar
1st Generation 3 FPSO (Paraty)
Twin HullTM FLNG ARCATM Mooring System GoM Disconnectable Turret FPSO
2013 2013 2015 2015 2016
Unique track record in EPC, FPSO delivery and operations
Feedback from SBM Offshore’s Projects and Operations team ensures continuous improvement across the full lifecycle
INSTALLATION
CONSTRUCTION
OPERATIONS
ENGINEERING PROCUREMENT
LIFE EXTENSION
DECOMMISSIONING
With more than 60 years of innovation SBM Offshore helps to unlock the Gulf of Mexico’s “Lower Tertiary” reservoirs
The world’s deepest production facility on Shell’s Stones project.
FPSO Turritella claims the world record for the deepest floating production unit at 2,900 meters and the largest disconnectable system, reinforcing SBM Offshore’s reputation as a technology pioneer. FPSO Turritella achieved first oil in September 2016.
• First disconnectanle system with Steel lazy wave risers
• World’s deepest production unit
• 10 year lease contract + options
FPSO ‘Generation 3’ standardized design for high-capacity pre-salt FPSOs offshore Brazil in 2016.
Cidade de Maricá / Cidade de Saquarema benefited from experience on Cidade de Ilhabela
• 25% fewer man hours
• 25% less time required to complete module integration
• 12% decrease in overall time to deliver the projects
SBM’s (G3) FPSO design has proven to be well adapted for pre-salt fields, with an impressive four pre-salt FPSOs in four years.
• 150,000 bpd processing capacity
• 1.6 million barrels storage capacity
• Moored in approximately 2,300 meters water depth
• 20 year lease & operate contracts
A new execution model for the next generation of FPSOs: Fast4WardTM
A faster, cheaper & safer gateway to First Oil in a cash constrained world
Building on the Company’s solid track record for FPSO delivery portfolio and leveraging almost 300 years of cumulative operational experience, SBM Offshore launched its Generation 4 standardized FPSO design in 2016.
Fast4Ward accelerates not only the design process, but also the supply chain and construction phases:
• Save 6 to 12 months on schedule
• Make significant cost savings
Product Life Extension/
De-commissioning
Leader in FPSO relocation
World class after sales Green ship-recycling
Construction
Strategic partnerships Unrivalled EPCI project experience
Operations
Almost 300 years of offshore operational experience 99% total historical Oil
production uptime
Engineering
60 years of industry firsts Leading edge technology
Installation
Dedicated fleet Unparalleled experience
Procurement
Integrated supply chain Global efficiencies Local sourcing Frame agreements with vendors
Since our first FPSO operations for Shell in 1976, SBM Offshore has executed over 30 FPSO projects worldwide (*see Note 1 on back page). SBM Offshore maintains its role as a pioneer by continuously investing in new technology, and offering unique solutions tailored to challenging field dynamics and clients’ needs.
Contractor Specifications
Low cost / Fast-track schedule
Cost optimization
Equipment standardization
Economical ProductionUS$7.20 average unit cost/bbl
Technology & EfficiencyTransformation initiatives
Long-term ContractsAverage 14 year contracts
BacklogUS$17.1 billion
Catalogue of Solutions
FPSO Cidade de Ilhabela
SBM Offshore
50
100
1
0 6 11 16 21 26 31 36 41
.
. . .
.
150
250
200
300
= Industry peers, bubble size relates to cumulative throughput capacity of FPSOs built (kboepd)
Total number FPSOs built (Lease and EPC)
Cum
ulat
ive
FPSO
Op
erat
ing
Exp
erie
nce
(Yea
rs)
3 600 kboepd
2 600 kboepd
1 200 kboepd
Source: SBM Offshore research
Technology
COST & SCHEDULE
Download Leaflet
The sole intention of this factsheet is to share general information.
Contact Details [email protected]
© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com
April 2017
*Note 1 Leased Units: YETAGUN FSO, FPSO KIKEH, FPSO MONDO, FPSO SAXI BATUQUE, FPSO ESPIRITO SANTO, FPSO CAPIXABA,
FPSO ASENG, FPSO CIDADE DE ANCHIETA, FPSO CIDADE DE PARATY, FPSO N’GOMA, FPSO CIDADE DE ILHABELA, FPSO CIDADE
DE MARICA, FPSO CIDADE DE SAQUAREMA, FPSO TURRITELLA – Operated Units: FPSO SERPENTINA, – Former fleet: FPSO FRADE,
P-57, FPSO VI, FSO DOMY, NKOSSA I, TANTAWAN EXPLORER, FPSO II, FPSO FALCON, FPSO FIRENZE, FPSO RANG DONG I, OKHA,
JAMESTON, FPSO MYSTRAS, FSO OGUZHAN, FSO UNITY, NKOSSA II, KUITO, FPSO BRASIL, SANHA LPG FPSO, FPSO MARLIM SUL
Project DisciplineProduct Line
FPSO
FLOATING PRODUCTION STORAGE AND OFFLOADING Meeting scheduled delivery dates is a key success factor. The graph
below (A) demonstrates SBM Offshore’s performance record for on-target and on-performance deliveries within budget, versus Industry performance (graph B).
Source: Independent Project Analysis, Inc (IPA)
COST GROWTH
SCHEDULE INDEX SCHEDULE SLIP
PRODUCTIONATTAINMENT
OPERABILITYPROBLEMS
“INDUSTRY FPSO PERFORMANCE IS POOR ACROSS ALL EXECUTION STRATEGIES”
CONVERSION FPSOS NEW BUILD FPSOS
90%
80%
70%
60%
50%
90%0%
0.80 -10%
0.90 0%
1.00 10%
1.10 20%
1.20 30%
80%10%70%20%
60%30%50%40%
100%
80%
60%
40%
20%
90%0%
0.80 -10%
0.90 0%
1.00 10%
1.10 20%
1.20 30%
80%10%70%20%
60%30%50%40%
COST GROWTH
SCHEDULE INDEX SCHEDULE SLIP
PRODUCTIONATTAINMENT
OPERABILITYPROBLEMS
(1) Data for the SBM Offshore study – illustrated in Graph A - was based on all SBM FPSO projects during the time period 2008-2016.
The above information and graphic is taken from ‘Great Expectations, a story about FPSO project performance’, Independent Project Analysis, Inc. Used by permission.
SBM FPSOS DELIVERED AND PRODUCING FROM 2008 – 2016
SBM OFFSHORE
Source: SBM Offshore
• Consistently on-time and on-budget
• Fewer start-up problems
• Reliable operations
SBM Offshore Track record
Experience pays - SBM Offshore versus the Industry
SBM Offshore track-record outperforms
SBM Offshore Average
Industry Conversion
Industry New Build
Cost Growth 8% 12% 23%
Schedule Slip 4% 10% 20%
Schedule Index 1.0 1.0 0.9
Operability Problems 30% 70% 80%
Production Attainment 97% 80% 65%
Technology
COST & SCHEDULE
Download Leaflet
The sole intention of this factsheet is to share general information.
Contact Details [email protected]
© SBM Offshore 2017. All rights reserved. www.sbmoffshore.com
April 2017
*Note 1 Leased Units: YETAGUN FSO, FPSO KIKEH, FPSO MONDO, FPSO SAXI BATUQUE, FPSO ESPIRITO SANTO, FPSO CAPIXABA,
FPSO ASENG, FPSO CIDADE DE ANCHIETA, FPSO CIDADE DE PARATY, FPSO N’GOMA, FPSO CIDADE DE ILHABELA, FPSO CIDADE
DE MARICA, FPSO CIDADE DE SAQUAREMA, FPSO TURRITELLA – Operated Units: FPSO SERPENTINA, – Former fleet: FPSO FRADE,
P-57, FPSO VI, FSO DOMY, NKOSSA I, TANTAWAN EXPLORER, FPSO II, FPSO FALCON, FPSO FIRENZE, FPSO RANG DONG I, OKHA,
JAMESTON, FPSO MYSTRAS, FSO OGUZHAN, FSO UNITY, NKOSSA II, KUITO, FPSO BRASIL, SANHA LPG FPSO, FPSO MARLIM SUL
Project DisciplineProduct Line
FPSO
FLOATING PRODUCTION STORAGE AND OFFLOADING Meeting scheduled delivery dates is a key success factor. The graph
below (A) demonstrates SBM Offshore’s performance record for on-target and on-performance deliveries within budget, versus Industry performance (graph B).
Source: Independent Project Analysis, Inc (IPA)
COST GROWTH
SCHEDULE INDEX SCHEDULE SLIP
PRODUCTIONATTAINMENT
OPERABILITYPROBLEMS
“INDUSTRY FPSO PERFORMANCE IS POOR ACROSS ALL EXECUTION STRATEGIES”
CONVERSION FPSOS NEW BUILD FPSOS
90%
80%
70%
60%
50%
90%0%
0.80 -10%
0.90 0%
1.00 10%
1.10 20%
1.20 30%
80%10%70%20%
60%30%50%40%
100%
80%
60%
40%
20%
90%0%
0.80 -10%
0.90 0%
1.00 10%
1.10 20%
1.20 30%
80%10%70%20%
60%30%50%40%
COST GROWTH
SCHEDULE INDEX SCHEDULE SLIP
PRODUCTIONATTAINMENT
OPERABILITYPROBLEMS
(1) Data for the SBM Offshore study – illustrated in Graph A - was based on all SBM FPSO projects during the time period 2008-2016.
The above information and graphic is taken from ‘Great Expectations, a story about FPSO project performance’, Independent Project Analysis, Inc. Used by permission.
SBM FPSOS DELIVERED AND PRODUCING FROM 2008 – 2016
SBM OFFSHORE
Source: SBM Offshore
• Consistently on-time and on-budget
• Fewer start-up problems
• Reliable operations
SBM Offshore Track record
Experience pays - SBM Offshore versus the Industry
SBM Offshore track-record outperforms
SBM Offshore Average
Industry Conversion
Industry New Build
Cost Growth 8% 12% 23%
Schedule Slip 4% 10% 20%
Schedule Index 1.0 1.0 0.9
Operability Problems 30% 70% 80%
Production Attainment 97% 80% 65%
