SBM Offshore

SBM Offshore N.V., formerly IHC Caland N.V., is the management holding company of a group of international companies, working as suppliers to the offshore oil and gas industry on a global basis. The Company has been listed on the Amsterdam Stock Exchange since 1965 and has been included in the AEX index since March 2003 . The Company started its offshore activities in the early 1950's and subsequently became a pioneer in Single Point Mooring (SPM) systems, dynamically positioned drilling vessels, jack-up drilling rigs, and heavy offshore cranes.

SBM Offshore's present activities include the engineering, supply, and offshore installation of SPM systems for offshore loading and unloading of vessels or the permanent mooring of offshore oil production and/or storage vessels, as well as the turnkey supply of complete floating facilities for the production, storage, and export of crude oil and gas. The latter comprise Floating Production Storage and Offloading systems (FPSOs), Floating Storage and Offloading systems (FSOs), Tension Leg Platforms (TLPs), Floating Production Units (FPUs) of all types, including both monohull and semi-submersible, as well as self-elevating, Mobile Offshore Production Units (MOPUs).

In addition to the supply of systems on a turnkey basis, the Company is also in the business of owning and operating the above mentioned Floating Production and/or Storage and Offloading systems. These units are contracted on long-term charters, always including their operation, to oil companies in various parts of the world. Besides being the initiator of this concept, the Company is also the largest player.

Design and engineering services to the offshore oil and gas industry in a wide range of products is provided through the Company''s engineering offices.

In most of these activities, SBM Offshore's group companies are the market leaders, both in terms of market share and technical expertise. The Company has a good track record in developing new, cost-effective technical solutions for the ever changing needs of its customers, and holds a considerable number of patents related to its technology.

The Company can appropriately be characterised as a niche player in its chosen fields of business.