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Stock impact report

SBM Offshore reserves Fast4Ward® hull for the Block 58 development

SBM OFFSHORE NV ORD (SBFFF) 
NASDAQ:AMEX Investor Relations: sbmoffshore.com/investor-relations-centre
Company Research Source: GlobeNewswire
June 6, 2024 SBM Offshore is pleased to announce that, in partnership with Technip Energies, and in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project located in the Block 58 in Suriname with TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies, a Fast4Ward® hull for the Block 58 development project has been reserved by TotalEnergies. The B58 development is the first development within Block 58, circa 150 kilometers offshore Suriname. TotalEnergies is the operator and holds a 50 percent interest in Block 58 with APA Corporation holding the other 50 percent. The final investment decision is expected in the fourth quarter of 2024, for a production start-up in 2028. 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 o Show less Read more
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