SBM Offshore on track to deliver ‘near zero emission’ FPSO to market in 2025

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Bruno Chabas, Chief Executive Officer (CEO) of SBM Offshore, says the company is on track to deliver a near zero emission floating production, storage and offloading (FPSO) vessel next year.

“The carbon capture solution developed in partnership with Mitsubishi Heavy Industries, Ltd. aims to reduce FPSO emissions by up to 70%. As a result, we are on target to offer a near zero emission FPSO to the market in 2025, a key enabler of our 2050 net zero ambition,” Chabas stated. 

SBM Offshore aims for 100% sourcing of green energy by 2030 and considering investments in certified projects to balance any residual greenhouse gas (GHG) emissions from scope 1 and 2.

SBM Offshore also aims to achieve a 50% scope 3 GHG intensity and zero routine flaring in its fleet of FPSO vessels.

The company currently employs its Fast4Ward® concept in the construction of FPSOs, characterised by low-emissions intensity. The Dutch floater specialist says Fast4Ward® is based on five key principles: engaging early with clients, standardization, focus on flawless execution, partnering with the supply chain and use of digital solutions in today’s volatile environment.

Guyana’s emissions intensity outperforming 75% of global oil & gas producing assets

The Liza Unity vessel was the first to be built with SBM’s Fast4Ward® specifications. It was also the first vessel to cop the SUSTAIN-1 notation for its sustainable design and operations. Since then, SBM Offshore has been applying the Fast4Ward® principles across its product portfolio.

The company delivered the Prosperity FPSO to Guyana and is constructing the ONE GUYANA vessel for ExxonMobil’s Stabroek Block operations.  

Exxon’s 4th Guyana FPSO leaves drydock; now moored along integration quayside at Singapore yard

Through SBM Offshore’s New Energies platform, the company is also developing new products and services compatible with its net-zero roadmap. 

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