2015 IN BRIEF

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Key events in 2015 include the signing of a Memorandum of Understanding with the Brazilian authorities (CGU and AGU), resulting in an invitation to tender from Petrobras. The year marked significant funding events with the project financing of FPSO Cidade de Saquarema and divestment of a 45% share in FPSO Turritella bringing in Joint Venture partners; the partnership obtained a project loan for the vessel.
A tangible example of SBM Offshore’s continued commitment to sustainability was the reduction in emissions.

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Message from the CEO

Looking back at 2015, as SBM Offshore’s CEO I have much to be proud of, in particular how every SBMer contributed to the Company’s achievements in this challenging market.

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Brazil leads in barrels

Brazil accounts for the largest share of the Company’s fleet operations with a cumulated 129 million barrels of oil in 2015, contributing to a significant part of the country’s output.

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Key results, Health, Safety & Security

The Company delivered a solid safety performance in all its business activities. Good progress was made in many areas of health, safety, security and the environment (HSSE), with the continuation of the company-wide engagement for the Life 365 program - new initiatives were started in 2015.

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