SBM Offshore awarded FSO contract for Woodside’s Trion development

August 8, 2024

SBM Offshore is pleased to announce that it has signed a contract with Woodside Petróleo Operaciones de México, S. de R.L. de C.V. (“Woodside”), operator of the Trion deepwater oil field development located in the Perdido Belt of the western Gulf of Mexico. Under this contract, SBM Offshore will construct and thereafter lease to Woodside a Floating Storage and Offloading (“FSO”) unit for a period of 20 years. This award complements the Transportation & Installation contract for the FSO and the FPU awarded to SBM Offshore in 2023.

The new build FSO, based on a Suezmax-type hull, will be equipped with a Disconnectable Turret Mooring (“DTM”) system designed by SBM Offshore. The FSO will be moored in water depth of about 2,500 meters and will be able to store around 950,000 barrels of crude oil.

The Trion field is located 180 km off the Mexican coastline and 30 km south of the US/Mexico maritime border. The Trion project is an alliance between Woodside (60%, Operator) and PEMEX Exploración y Producción (40%, non-Operator).

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.

For further information, please contact:

Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager

Media Relations

Evelyn Tachau Brown
Group Communications & Change Director

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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.

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Attachment

• SBM Offshore Awarded FSO Contract for Woodsides Trion development