Product Line

Project Discipline FPSO

FLOATING PRODUCTION STORAGE

Technology

AND OFFLOADING
 OUR FPSOs AT A GLANCE

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.

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
FPSO Cidade de Ilhabela
4.9 billion barrels of cumulative production

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.

Unique track record in EPC, FPSO delivery and operations

Cumulative FPSO Operating Experience (Years)

300

250
SBM
Offshore
200

150

3 600
100 kboepd

2 600
kboepd
50
. 1 200
. kboepd

. . .
0
1 6 11 16 21 26 31 36 41
Total number FPSOs built (Lease and EPC)

= Industry peers, bubble size relates to cumulative throughput capacity of FPSOs built (kboepd)

Source: SBM Offshore research

1959 1960 1972 1973 1977 1981 1985 1985 1986

CALM Buoy Drilling Jack-up DP Drillship SBS Mooring System SALS Leased FPSO Jacket External Turret Disconnectable Turret
Mooring System Soft Yoke
 DELIVERING ACROSS THE FULL LIFECYCLE

Feedback from SBM Offshore’s Projects and Operations team ensures continuous improvement across the
full lifecycle

Engineering Procurement
60 years of industry firsts Integrated supply chain
Leading edge technology Global efficiencies
ENGINEERING Local sourcing PROCUREMENT

Frame agreements with

vendors

Product Life
Extension/
Construction
De-commissioning
LIFE EXTENSION Strategic
Leader in FPSO
partnerships
relocation
Unrivalled EPCI
World class after sales
project experience CONSTRUCTION
Green ship-recycling
DECOMMISSIONING

Operations Installation
Almost 300 years of offshore Dedicated fleet
operational experience Unparalleled experience
99% total historical Oil INSTALLATION
OPERATIONS production uptime

Backlog
Low cost / Fast-track schedule US$17.1 billion

Long-term Contracts Technology & Efficiency

Average 14 year contracts Transformation initiatives

Contractor Specifications Equipment standardization

Cost optimization
Economical Production
Catalogue of Solutions
US$7.20 average unit cost/bbl

1993 1996 1999 2002 2003 2005 2006 2006 2007

Internal Turret Turnkey Deepwater Delivery of the first Delivery of the largest New Build Deepest Semi- Offshore Offloading Line : GAP™ mid water
North Sea FPSO CALM Buoy Generic FPSO SeastarTM TLP LPG FPSO Submerisible in the GoM Trelline™ Installed Fluid Transfer System
 EXPERIENCE MATTERS

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

FPSO ‘Generation 3’ standardized A new execution model for With more than 60 years of
design for high-capacity the next generation of FPSOs: innovation SBM Offshore helps
pre-salt FPSOs offshore Brazil in Fast4WardTM to unlock the Gulf of Mexico’s
2016. “Lower Tertiary” reservoirs

Cidade de Maricá / Cidade A faster, cheaper & safer gateway The world’s deepest production
de Saquarema benefited from to First Oil in a cash constrained facility on Shell’s Stones project.
experience on Cidade de Ilhabela world
FPSO Turritella claims the world
• 25% fewer man hours Building on the Company’s record for the deepest floating
• 25% less time required to solid track record for FPSO production unit at 2,900 meters
complete module integration delivery portfolio and leveraging and the largest disconnectable
almost 300 years of cumulative system, reinforcing SBM Offshore’s
• 12% decrease in overall time to operational experience, SBM reputation as a technology pioneer.
deliver the projects Offshore launched its Generation 4 FPSO Turritella achieved first oil in
SBM’s (G3) FPSO design has standardized FPSO design in 2016. September 2016.
proven to be well adapted for pre-
salt fields, with an impressive four Fast4Ward accelerates not only the • First disconnectanle system with
pre-salt FPSOs in four years. design process, but also the supply Steel lazy wave risers
chain and construction phases: • World’s deepest production unit
• 150,000 bpd processing capacity
• Save 6 to 12 months on schedule • 10 year lease contract + options
• 1.6 million barrels storage
capacity • Make significant cost savings
• Moored in approximately 2,300
meters water depth
• 20 year lease & operate contracts

2007 2009 2011 2012 2013 2013 2015 2015 2016

Largest Internal Turret First turret-moored FPSO COOL™ LNG HV-AC Electric Swivel VHP Fluid Swivel 1st Generation 3 FPSO Twin HullTM FLNG ARCATM Mooring System GoM Disconnectable
using steel risers Transfer System rated at 65KV rated at over 800 bar (Paraty) Turret FPSO
with 75 risers
and 150 MW
 COST & SCHEDULE

Meeting scheduled delivery dates is a key success factor. The graph SBM Offshore
below (A) demonstrates SBM Offshore’s performance record for on-
target and on-performance deliveries within budget, versus Industry track-record
performance (graph B).
outperforms

“INDUSTRY FPSO PERFORMANCE IS POOR ACROSS

SBM FPSOS DELIVERED AND PRODUCING FROM 2008 – 2016 ALL EXECUTION STRATEGIES”

OPERABILITY OPERABILITY
PROBLEMS PROBLEMS
100% 90%

80% 80%

60% 70%

40% 60%
40% 50% 40% 50%
30% 60% 30% 60%
20% 20% 70% 20% 50% 70%
COST 10% 80% PRODUCTION COST 10% 80% PRODUCTION
GROWTH 0% 90% ATTAINMENT GROWTH 0% 90% ATTAINMENT

0.80 -10% 0.80 -10%

0.90 0% 0.90 0%

1.00 10% 1.00 10%

1.10 20% 1.10 20%

1.20 30% 1.20 30%

SCHEDULE INDEX SCHEDULE SLIP SCHEDULE INDEX SCHEDULE SLIP

Source: SBM Offshore Source: Independent Project Analysis, Inc (IPA)

SBM OFFSHORE CONVERSION FPSOS NEW BUILD FPSOS

(1) Data for the SBM Offshore study – illustrated in Graph A - was based on all SBM FPSO projects The above information and graphic is taken from ‘Great Expectations, a story about FPSO project
during the time period 2008-2016. performance’, Independent Project Analysis, Inc. Used by permission.

Experience pays - SBM Offshore

SBM Offshore versus the Industry Track record
SBM Offshore Industry Industry New
Average Conversion Build
• Consistently on-time
and on-budget
Cost Growth 8% 12% 23%
• Fewer start-up
Schedule Slip 4% 10% 20%
problems
Schedule Index 1.0 1.0 0.9
• Reliable operations
Operability
Problems 30% 70% 80%
Production
Attainment 97% 80% 65%
 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

Download Leaflet

*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