{"id":379194,"date":"2020-11-12T01:03:23","date_gmt":"2020-11-12T06:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379194"},"modified":"2020-11-12T01:03:23","modified_gmt":"2020-11-12T06:03:23","slug":"sbm-offshore-third-quarter-trading-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/","title":{"rendered":"SBM Offshore Third Quarter Trading Update"},"content":{"rendered":"<div class=\"mw_release\">\n<p>November 12, 2020<\/p>\n<p>\n        <strong><br \/>\n          <strong>Highlights<\/strong><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>2020 Directional<sup>1<\/sup> EBITDA guidance increased from above US$900 million to around US$950 million despite challenging environment<\/li>\n<li>2020 Directional revenue guidance maintained at around US$2.3 billion<\/li>\n<li>Renewable energy: Floating Offshore Wind Provence Grand Large project moving ahead<\/li>\n<li>Year-to-date Underlying Directional revenue of US$1,706 million<\/li>\n<li>Second Fast4Ward\u00ae hull for Prosperity project completed<\/li>\n<\/ul>\n<p align=\"justify\">Bruno Chabas, CEO of SBM Offshore, commented:<\/p>\n<p align=\"justify\">\u201cSBM Offshore is demonstrating the strength of its business model with another good set of results last quarter, despite the twin challenges of the global pandemic and low oil prices. Based on this solid year-to-date performance and the Company\u2019s discipline in managing its cost base, the Company increased its full-year guidance. <\/p>\n<p align=\"justify\">SBM Offshore teams are succeeding in maintaining our focus on project delivery and safe operations, while working together virtually, across time zones, with clients, suppliers and all our other global stakeholders with the aim of limiting delivery delays and interruptions to operations. Deepwater projects in quality basins continue to rank favorably in client portfolios.<\/p>\n<p align=\"justify\">The energy transition remains at the core of the Company\u2019s strategy. This quarter saw an important milestone reached with the start of the EPC phase of our first floating offshore wind project in France. Leveraging the learnings from this pilot project will enable SBM Offshore to further fine-tune its technology and execution model and to scale up for future projects towards our ambition to have 25% of revenues from Renewables &amp; Gas by 2030.\u201d<\/p>\n<p align=\"justify\">\n        <strong>Financial Highlights<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:377.05pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:277.34px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:17.4px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:208px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\">\n            <strong>YTD Directional<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px\">\u00a0<\/td>\n<td style=\"width:17.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\">\n            <em>in US$ million<\/em>\n          <\/td>\n<td style=\"width:17.4px\">\u00a0<\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;border-left: solid black 1pt\">\n            <strong>3Q 2020<\/strong>\n          <\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">\n            <strong>3Q 2019<\/strong>\n          <\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\">\n            <strong>% Change<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-right: solid black 1pt;border-left: solid black 1pt\"> Revenue <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 1,806 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 1,470 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt\">\n            <em>23%<\/em>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt;border-left: solid black 1pt\">\n            <em>Lease and Operate<\/em>\n          <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 1,334 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 972 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt\">\n            <em>37%<\/em>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt;border-left: solid black 1pt\">\n            <em>Turnkey<\/em>\n          <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 472 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 498 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt\">\n            <em>-5%<\/em>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-right: solid black 1pt;border-left: solid black 1pt\"> Underlying Revenue <\/td>\n<td style=\"width:17.4px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt\">\n            <em>\u00a0<\/em>\n          <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 1,706 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 1,470 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt\">\n            <em>16%<\/em>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt;border-left: solid black 1pt\">\n            <em>Lease and Operate<\/em>\n          <\/td>\n<td style=\"width:17.4px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt\">\n            <em>\u00a0<\/em>\n          <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 1,234 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle\"> 972 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt\">\n            <em>27%<\/em>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\">\n            <em>Turnkey<\/em>\n          <\/td>\n<td style=\"width:17.4px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt\">\n            <em>\u00a0<\/em>\n          <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"> 472 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"> 498 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\">\n            <em>-5%<\/em>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:17.4px\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-right: solid black 1pt;border-left: solid black 1pt\">\n            <em>in US$ million<\/em>\n          <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">\n            <strong>3Q 2020<\/strong>\n          <\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">\n            <strong>3Q 2019<\/strong>\n          <\/td>\n<td style=\"width:69.34px;border-right: solid black 1pt;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-right: solid black 1pt;border-left: solid black 1pt\"> Non-recurring items impact Revenue <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px\">\u00a0<\/td>\n<td style=\"width:69.34px\">\u00a0<\/td>\n<td style=\"width:69.34px;border-right: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: middle;text-align: left;padding-left: 20.0px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\">\n            <em>Deep Panuke redelivery<\/em>\n          <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"> 100 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"> &#8211; <\/td>\n<td style=\"width:69.34px;border-right: solid black 1pt;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:17.4px\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;border-bottom: solid black 1pt\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-right: solid black 1pt;border-left: solid black 1pt\">\n            <em>in US$ billion<\/em>\n          <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\">\u00a0<\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">\n            <strong>Sep-30-20<\/strong>\n          <\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt\">\n            <strong>Dec-31-19<\/strong>\n          <\/td>\n<td style=\"width:69.34px;text-align: center;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\">\n            <strong>% Change<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\"> Net Debt <\/td>\n<td style=\"width:17.4px;border-right: solid black 1pt\"> \u00a0 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"> 4.0 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt\"> 3.5 <\/td>\n<td style=\"width:69.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\">\n            <em>14%<\/em>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:277.34px;vertical-align: bottom\">\n            <em>Backlog calculation will be provided in FY20 Earnings Update <\/em>\n          <\/td>\n<td style=\"width:17.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:69.34px\">\u00a0<\/td>\n<td style=\"width:69.34px\">\u00a0<\/td>\n<td style=\"width:69.34px\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Year to date, Underlying Directional revenues were US$1,706 million compared with US$1,470 million in the third quarter of 2019. This 16% increase resulted from higher revenues in Lease and Operate, which were the result of FPSO <em>Liza Destiny<\/em> joining the fleet at the end of 2019, together with last year\u2019s acquisition of a minority partner\u2019s ownership in five Brazilian FPSOs. <\/p>\n<p align=\"justify\">Underlying Directional revenues are adjusted for the non-recurring revenue recognition of US$100 million related to the redelivery of the Deep Panuke platform as reported with Half Year 2020 earnings. This redelivery does not affect the contractually agreed amount and timing of the cash consideration to be received by the Company as per the initial contract.<\/p>\n<p align=\"justify\">Compared with year-end 2019, net debt as at the end of the third quarter increased by c. US$0.5 billion to US$4.0 billion. While Lease and Operate continues to generate strong operating cash flow, the Company is drawing under the project loan facilities for continued investment in growth. As at September 2020, 76% of the debt consisted of non-recourse project financing, with remaining debt linked to the financing of the projects under construction. SBM Offshore is currently progressing with three major projects (FPSOs <em>Liza<\/em><em>Unity<\/em>, <em>Prosperity<\/em> and <em>Sepetiba<\/em>) using the first three Multi-Purpose Floater (MPF) hulls in the Fast4Ward\u00ae program. The fourth hull in the program is under construction, with construction of the fifth not yet started. <\/p>\n<p align=\"justify\">Following the re-appointment of CEO Bruno Chabas at the 2020 AGM, the implementation of his Base Salary increase to EUR960,000 was deferred to a later stage when the effects of the COVID-19 crisis would be clearer. With more visibility at present and considering the financial results and the position of the Company, the Supervisory Board resolved to implement the increase of Bruno Chabas\u2019 Base Salary effective January 1, 2020.<\/p>\n<p>\n        <strong><br \/>\n          <strong>Project Review <\/strong><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">SBM Offshore construction activities are reliant upon global supply chains, which face challenges to varying degrees from the pandemic. Project teams continue to work closely with client teams and contractors to optimize cost or schedule impacts and create alternatives for execution planning. An update on individual projects is provided below. <\/p>\n<p align=\"justify\">\n        <em>FPSO Liza Destiny<\/em>\n      <\/p>\n<p align=\"justify\">Commissioning work on the natural gas injection system of FPSO <em>Liza Destiny<\/em> is progressing with the main gas compressors commissioned.<\/p>\n<p align=\"justify\">\n        <em>FPSO Liza Unity<\/em>\n      <\/p>\n<p align=\"justify\">The yards in Singapore re-opened during the last quarter and the construction of the FPSO is progressing. The mooring and riser structures integration was completed and the Fast4Ward\u00ae MPF hull was moved from the dry-dock to the integration quayside where the topsides integration phase has started with the lifting of the first topsides modules. The project is progressing in line with client schedule, with a planned completion in 2022.<\/p>\n<p align=\"justify\">\n        <em>FPSO Sepetiba<\/em>\n      <\/p>\n<p align=\"justify\">The Fast4Ward\u00ae MPF hull construction is progressing at the yard in China, which is operating at planned capacity since mid-year 2020. The modules fabrication continues to progress in Brazil and China. The project is progressing with a planned completion end 2022.<\/p>\n<p align=\"justify\">\n        <em>FPSO Prosperity<\/em>\n      <\/p>\n<p align=\"justify\">Following the contracts award announced on October 1, 2020, the Prosperity project team is preparing for the start of fabrication in Singapore. The Fast4Ward\u00ae MPF hull for the project has been completed. The project is progressing in line with client schedule with a planned completion in 2024.<\/p>\n<p align=\"justify\">\n        <em>Fast4Ward<\/em>\u00ae<em> MPF hulls <\/em><\/p>\n<p align=\"justify\">Under the Company\u2019s Fast4Ward\u00ae program the total number of hulls ordered to date stands at five. Three hulls are allocated to projects: FPSOs <em>Liza<\/em><em>Unity<\/em>, <em>Prosperity<\/em> and <em>Sepetiba<\/em>. The two hulls allocated to FPSO <em>Liza<\/em><em>Unity<\/em> and FPSO <em>Prosperity<\/em> are completed. <\/p>\n<p align=\"justify\">Regarding the hulls not allocated to projects, hulls number four and five, construction of the fourth hull is making progress in line with SBM Offshore\u2019s execution plan and construction of the fifth hull is expected to start during the fourth quarter of this year. These hulls support ongoing tendering activity.\u00a0<\/p>\n<p>\n        <strong><br \/>\n          <strong>Operational Update<\/strong><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Due to the ongoing COVID-19 pandemic, business continuity protocols remain in place. The Company is expanding its internal Polymerase Chain Reaction (PCR) testing capability and capacity, now available in most operating locations. This enables the Company to reduce quarantine periods and to provide a more efficient response if cases are identified. The priority remains to prevent the occurrence of cases on board of the Company\u2019s fleet and in onshore locations and to minimize impact on operations.<\/p>\n<p align=\"justify\">Year to date, the Lease and Operate fleet uptime stood at 98.8% compared to 99.5% at mid-year 2020.<\/p>\n<p>\n        <strong><br \/>\n          <strong>Energy Transition and HSSE<\/strong><br \/>\n        <\/strong>\n      <\/p>\n<p>\n        <em>Floating Offshore Wind <\/em>\n      <\/p>\n<p>SBM Offshore is contracted by EDF Renouvelables for the engineering, procurement, construction and installation of three floating units and its mooring system, for offshore wind turbines with a total capacity of 25.2 MW. The units will be deployed offshore Marseille for the project Provence Grand Large. The Company has progressed on the design and the turnkey phase is ongoing.<\/p>\n<p align=\"justify\">\n        <em>Total Recordable Injury Frequency Rate (TRIFR)<\/em>\n      <\/p>\n<p align=\"justify\">As at September 30, 2020, the Company\u2019s year-to-date TRIFR was 0.12, compared with the 2020 target of 0.20.\u00a0<\/p>\n<p>\n        <strong><br \/>\n          <strong>Outlook and Guidance <\/strong><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Supported by robust operational performance in both Lease and Operate and Turnkey and effective cost discipline measures, 2020 Directional EBITDA guidance is increased from \u201cabove\u201d US$900 million to \u201caround\u201d US$950 million. 2020 Directional revenue guidance is maintained at \u201caround\u201d US$2.3 billion of revenues, with \u201caround\u201d US$1.6 billion coming from Lease and Operate and \u201caround\u201d US$0.7 billion coming from the Turnkey segment.<\/p>\n<p align=\"justify\">Consistent with the Half Year 2020 earnings update, this guidance excludes the exceptional positive impacts on revenue and EBITDA resulting from the redelivery of the Deep Panuke platform but includes negative impact on EBITDA resulting from the company restructuring costs. <\/p>\n<p align=\"justify\">The Directional EBITDA and revenue guidance take into account the currently foreseen COVID-19 impacts on projects and fleet operations. The Company highlights that the direct and indirect impact of the pandemic could have a material impact on the Company\u2019s business and results.\u00a0<\/p>\n<p>\n        <strong><br \/>\n          <strong>Conference Call<\/strong><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">SBM Offshore has scheduled a conference call, which will be followed by a Q&amp;A session, to discuss the Third Quarter 2020 Trading Update. <\/p>\n<p align=\"justify\">The event is scheduled for Thursday, November 12, 2020 at 10:00 am (CET) and will be hosted by Bruno Chabas (CEO), Douglas Wood (CFO), Philippe Barril (COO) and Erik Lagendijk (CGCO).\u00a0 <\/p>\n<p align=\"justify\">Interested parties are invited to register prior to the call using the registration link:<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=06FVLXRC-YcklQcSpsKz3HDL4UandZPvhfw8gKk9WtteGGhU1IJWkm8kRa3xGhsTZlV9Rh9xH-FjLCtDspnnZUzaMe70pcMMUP4w98q1PTXvt-gqDfvQ3TmkTnxZJaYqC_McGA_g-vliWu7C6yAwuXeqw0WP7q1P3-wntngPUNjC5cKoMBq5OAI-So3lLOoGeuT9OTKN-SL7_5ajPKG02leVUbEtiJj-NGFdhJ7xuSTJNrxTko9gKID_YxKSBflZ\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>https:\/\/www.kpneventcall.nl\/EventRegistration\/09b140d1-b9bb-448b-9bee-b24d923bfbdb<\/u><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">Please note that the conference call can only be accessed with a personal identification code, which is sent to you by email after completion of the registration.\u00a0<\/p>\n<p>\n        <strong>Corporate<\/strong><br \/>\n        <strong>Profile<\/strong>\n      <\/p>\n<p align=\"justify\">The Company\u2019s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.<\/p>\n<p align=\"justify\">As of December 31, 2019, the Company employs approximately 4,450 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.<\/p>\n<p align=\"justify\">SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.<\/p>\n<p align=\"justify\">Where references are made to SBM Offshore N.V. and \/or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies \u201cSBM Offshore\u201d or \u201cthe Company\u201d are sometimes used for convenience. <\/p>\n<p align=\"justify\">For further information, please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SqqiuOoYZKLqyJfsRTOVtTIetb5rudGBBF2tPHToX9GEsA_Q98y3i9BJzIZGDKlLLq153H14qZ_7vt6GFyEm0dCDl4VGvAAQBmmcKvGIJxk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.sbmoffshore.com<\/u><\/a>.<\/p>\n<p align=\"justify\">The Management Board<br \/>Amsterdam, the Netherlands, November 12, 2020<\/p>\n<table align=\"center\" style=\"border-collapse: collapse;width:451pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:464px;text-align: justify;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\">\n            <strong>Financial Calendar <\/strong>\n          <\/td>\n<td style=\"width:93.34px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt\">\n            <strong>Date<\/strong>\n          <\/td>\n<td style=\"width:44px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt\">\n            <strong>Year<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:464px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\"> Full Year 2020 Earnings \u2013 Press Release <\/td>\n<td style=\"width:93.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> February 11 <\/td>\n<td style=\"width:44px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> 2021 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:464px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\"> Annual General Meeting of Shareholders <\/td>\n<td style=\"width:93.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> April 7 <\/td>\n<td style=\"width:44px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> 2021 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:464px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\"> Trading Update 1Q 2021 \u2013 Press Release <\/td>\n<td style=\"width:93.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> May 12 <\/td>\n<td style=\"width:44px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> 2021 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:464px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\"> Half Year 2021 Earnings \u2013 Press Release <\/td>\n<td style=\"width:93.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> August 5 <\/td>\n<td style=\"width:44px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> 2021 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:464px;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt\"> Trading Update 3Q 2021 \u2013 Press Release <\/td>\n<td style=\"width:93.34px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> November 11 <\/td>\n<td style=\"width:44px;text-align: right;vertical-align: middle;border-right: solid black 1pt;border-bottom: solid black 1pt\"> 2021 <\/td>\n<\/tr>\n<\/table>\n<p>\n        <br \/> \u00a0<\/p>\n<p>For further information, please contact:<\/p>\n<p align=\"justify\">\n        <strong>Investor Relations<\/strong><br \/>\n        <br \/>Bert-Jaap Dijkstra<br \/>Group Treasurer and IR<\/p>\n<table style=\"border-collapse: collapse;border-collapse:collapse\">\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> Telephone: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> +31 (0) 20 236 3222 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> Mobile: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> +31 (0) 6 21 14 10 17 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> E-mail: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> bertjaap.dijkstra@sbmoffshore.com <\/td>\n<\/tr>\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> Website: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> www.sbmoffshore.com <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <strong>Media Relations<\/strong><br \/>\n        <br \/>Vincent Kempkes<br \/>Group Communications Director<\/p>\n<table style=\"border-collapse: collapse;border-collapse:collapse\">\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> Telephone: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> +31 (0) 20 236 3170 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> Mobile: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> +31 (0) 6 25 68 71 67 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> E-mail: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> vincent.kempkes@sbmoffshore.com <\/td>\n<\/tr>\n<tr>\n<td style=\"width:89.67px;text-align: justify;vertical-align: middle;vertical-align: top\"> Website: <\/td>\n<td style=\"width:234px;text-align: justify;vertical-align: middle;vertical-align: top\"> www.sbmoffshore.com <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <u>Disclaimer<\/u>\n      <\/p>\n<p align=\"justify\">This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This press release contains<br \/>regulated information within the meaning of the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht). Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management\u2019s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company\u2019s business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as \u201cbelieves\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201cwould be\u201d, \u201cexpects\u201d or \u201canticipates\u201d or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV 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 subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.<\/p>\n<hr \/>\n<p>\u00a0<\/p>\n<p align=\"justify\">\n        <sup>1<\/sup> Directional view, presented in the Financial Statements under Operating segments and Directional reporting, represents a pro-forma accounting policy, which assumes all lease contracts are classified as operating leases and all vessel investees are proportionally consolidated. This explanatory note relates to all Directional reporting in this document.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p id=\"gnw_attachments_section-header\">\n        <strong>Attachment<\/strong>\n      <\/p>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n          <a target=\"_blank\" href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/e3e17409-492d-45f3-b612-312566a96b05\" rel=\"noopener noreferrer\">SBM Offshore 2020 3Q Trading Update<\/a>\n        <\/li>\n<\/ul>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>November 12, 2020 Highlights 2020 Directional1 EBITDA guidance increased from above US$900 million to around US$950 million despite challenging environment 2020 Directional revenue guidance maintained at around US$2.3 billion Renewable energy: Floating Offshore Wind Provence Grand Large project moving ahead Year-to-date Underlying Directional revenue of US$1,706 million Second Fast4Ward\u00ae hull for Prosperity project completed Bruno Chabas, CEO of SBM Offshore, commented: \u201cSBM Offshore is demonstrating the strength of its business model with another good set of results last quarter, despite the twin challenges of the global pandemic and low oil prices. Based on this solid year-to-date performance and the Company\u2019s discipline in managing its cost base, the Company increased its full-year guidance. SBM Offshore teams are succeeding in maintaining our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SBM Offshore Third Quarter Trading Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379194","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBM Offshore Third Quarter Trading Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBM Offshore Third Quarter Trading Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"November 12, 2020 Highlights 2020 Directional1 EBITDA guidance increased from above US$900 million to around US$950 million despite challenging environment 2020 Directional revenue guidance maintained at around US$2.3 billion Renewable energy: Floating Offshore Wind Provence Grand Large project moving ahead Year-to-date Underlying Directional revenue of US$1,706 million Second Fast4Ward\u00ae hull for Prosperity project completed Bruno Chabas, CEO of SBM Offshore, commented: \u201cSBM Offshore is demonstrating the strength of its business model with another good set of results last quarter, despite the twin challenges of the global pandemic and low oil prices. Based on this solid year-to-date performance and the Company\u2019s discipline in managing its cost base, the Company increased its full-year guidance. SBM Offshore teams are succeeding in maintaining our &hellip; Continue reading &quot;SBM Offshore Third Quarter Trading Update&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T06:03:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SBM Offshore Third Quarter Trading Update\",\"datePublished\":\"2020-11-12T06:03:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/\"},\"wordCount\":1886,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/\",\"name\":\"SBM Offshore Third Quarter Trading Update - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==\",\"datePublished\":\"2020-11-12T06:03:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sbm-offshore-third-quarter-trading-update\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SBM Offshore Third Quarter Trading Update\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SBM Offshore Third Quarter Trading Update - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/","og_locale":"en_US","og_type":"article","og_title":"SBM Offshore Third Quarter Trading Update - Market Newsdesk","og_description":"November 12, 2020 Highlights 2020 Directional1 EBITDA guidance increased from above US$900 million to around US$950 million despite challenging environment 2020 Directional revenue guidance maintained at around US$2.3 billion Renewable energy: Floating Offshore Wind Provence Grand Large project moving ahead Year-to-date Underlying Directional revenue of US$1,706 million Second Fast4Ward\u00ae hull for Prosperity project completed Bruno Chabas, CEO of SBM Offshore, commented: \u201cSBM Offshore is demonstrating the strength of its business model with another good set of results last quarter, despite the twin challenges of the global pandemic and low oil prices. Based on this solid year-to-date performance and the Company\u2019s discipline in managing its cost base, the Company increased its full-year guidance. SBM Offshore teams are succeeding in maintaining our &hellip; Continue reading \"SBM Offshore Third Quarter Trading Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-12T06:03:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SBM Offshore Third Quarter Trading Update","datePublished":"2020-11-12T06:03:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/"},"wordCount":1886,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/","name":"SBM Offshore Third Quarter Trading Update - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==","datePublished":"2020-11-12T06:03:23+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw==","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQzNzY3MCM0MDA4MTY5NjcjMjAwMTEyNw=="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sbm-offshore-third-quarter-trading-update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"SBM Offshore Third Quarter Trading Update"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/379194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=379194"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/379194\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=379194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=379194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=379194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}