FPSO Prosperity Purchase by ExxonMobil Guyana Completed
07 Novembre 2024 - 6:45PM
UK Regulatory
FPSO Prosperity Purchase by ExxonMobil Guyana Completed
Amsterdam, November 7, 2024
SBM Offshore and ExxonMobil Guyana Ltd, an
affiliate of Exxon Mobil Corporation, have completed the
transaction related to the purchase of FPSO Prosperity,
ahead of the maximum lease term, which would have expired in
November 2025. The purchase allows ExxonMobil Guyana to assume
ownership of the unit while SBM Offshore will continue to operate
and maintain the FPSO up to 2033.
The transaction comprises a total cash
consideration of c. US$1.23 billion. The net cash proceeds will
primarily be used for the full repayment of the US$0.98 billion
project financing and as such will decrease SBM Offshore’s net debt
position.
The FPSO Prosperity has been on hire
since November 2023 and has and will continue to be operated
through the integrated operations and maintenance model combining
SBM Offshore and ExxonMobil’s expertise and experience delivering
outstanding operational performance.
The impact of the transaction will be included
in the update of the Company’s 2024 guidance as part of the Third
Quarter 2024 Trading Update, scheduled for November 14, 2024.
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 alternative energy sources.
More than 7,400 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 |
|
Date |
Year |
Third Quarter
2024 Trading Update |
|
November 14 |
2024 |
Full Year 2024
Earnings |
|
February 20 |
2025 |
Annual General
Meeting |
|
April 9 |
2025 |
First Quarter
2025 Trading Update |
|
May 15 |
2025 |
Half Year 2025
Earnings |
|
August 7 |
2025 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
Mobile: |
+31 (0) 2 02 36 32 36 |
E-mail: |
wouter.holties@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director
Mobile: |
+377 (0) 6 40 62 30 34 |
E-mail: |
evelyn.tachau-brown@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 ‘Impact, Risk and Opportunity
Management’ section of the 2023 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.
This release contains certain alternative
performance measures (APMs) as defined by the ESMA guidelines which
are not defined under IFRS. Further information on these APMs is
included in the Half-Year Management Report accompanying the Half
Year Earnings 2024 report, available on our website
https://www.sbmoffshore.com/investors/financial-disclosures.
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
“F4W®” are proprietary marks owned by SBM Offshore.
- FPSO Prosperity Purchase by ExxonMobil Guyana Completed
SBM Offshore NV (EU:SBMO)
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