SBM Offshore moving forward with record-breaking project financing,delivers second floater to Guyana

Dutch floater specialist SBM Offshore said Thursday it has been able to arrange, year to date, US$4.1 billion project related financings to fund a record-breaking order book, demonstrating the financial strength of the company and the confidence which its financial stakeholders have in its operations. Among the milestones noted was the delivery of its first Fast4Ward® FPSO – the Liza Unity, to Guyana last month for oil production activities at the ExxonMobil-operated Stabroek Block. This represents one of five major projects which the company has under construction, including yet another FPSO for Guyana.