The Netherlands: SBM Offshore to Receive Design Licence Fees for Drillships and Jack Ups

SBM Offshore will receive design license fees from Hyundai Heavy Industries (HHI) who has recently confirmed that it has signed contracts to construct and deliver six drill ships of the GustoMSC P10,000 class with international drilling contractors.

SBM Offshore will also receive design license fees from the Singaporean yards Keppel Fels and Jurong Shipyard who have signed contracts to construct and deliver in total three cantilever drilling jack-ups of the GustoMSC CJ70 class with international drilling contractors. In addition the Company has received orders for the supply of associated equipment for these jack-ups.

SBM Offshore N.V. is a pioneer in the offshore oil and gas industry. Worldwide, SBM Offshore has over 5,000 employees representing 47 nationalities, and ix present in 15 countries. SBM’s activities include the engineering, supply, and offshore installation of most types of offshore terminals or related equipment. In addition, SBM Offshore owns and operates its own fleet of Floating (Production) Storage and Offloading units. SBM Offshore has a track record of developing innovative, cost-effective solutions for the ever-changing needs of its Clients.

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Source:SBM Offshore, April 29,2011;