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FPSO Alexandre de Gusmão producing and on hire

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SBM Offshore has announced that FPSO Alexandre de Gusmão officially began operations on May 24, 2025, after achieving first oil and completing a 72-hour continuous production test. The vessel has a processing capacity of 180,000 barrels of oil and 12 million m3 of gas per day. The FPSO is owned by SBM Offshore (55%) and partners (45%), operating under a 22.5-year charter with Petrobras. Located in Brazil's Santos Basin, approximately 160km offshore Rio de Janeiro, the vessel serves the Mero unitized field. This field is operated by Petrobras (38.6%) in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%), and PPSA (3.5%). This marks the fifth Fast4Ward® FPSO to enter operation, following FPSO Almirante Tamandaré which started in February 2025.
SBM Offshore ha annunciato che la FPSO Alexandre de Gusmão ha ufficialmente iniziato le operazioni il 24 maggio 2025, dopo aver raggiunto il primo petrolio e completato un test di produzione continua di 72 ore. La nave ha una capacità di processamento di 180.000 barili di petrolio e 12 milioni di m3 di gas al giorno. La FPSO è di proprietà di SBM Offshore (55%) e dei partner (45%), operando con un contratto di noleggio di 22,5 anni con Petrobras. Situata nel Bacino di Santos in Brasile, a circa 160 km al largo di Rio de Janeiro, la nave serve il giacimento unificato Mero. Questo giacimento è gestito da Petrobras (38,6%) in collaborazione con Shell Brasil (19,3%), TotalEnergies (19,3%), CNPC (9,65%), CNOOC (9,65%) e PPSA (3,5%). Questo rappresenta la quinta FPSO Fast4Ward® ad entrare in funzione, dopo la FPSO Almirante Tamandaré che ha iniziato le operazioni a febbraio 2025.
SBM Offshore ha anunciado que la FPSO Alexandre de Gusmão comenzó oficialmente sus operaciones el 24 de mayo de 2025, tras alcanzar el primer petróleo y completar una prueba de producción continua de 72 horas. El buque tiene una capacidad de procesamiento de 180,000 barriles de petróleo y 12 millones de m3 de gas por día. La FPSO es propiedad de SBM Offshore (55%) y sus socios (45%), operando bajo un contrato de fletamento de 22,5 años con Petrobras. Ubicada en la Cuenca de Santos en Brasil, aproximadamente a 160 km frente a la costa de Río de Janeiro, la embarcación atiende al campo unitizado Mero. Este campo es operado por Petrobras (38,6%) en asociación con Shell Brasil (19,3%), TotalEnergies (19,3%), CNPC (9,65%), CNOOC (9,65%) y PPSA (3,5%). Este es el quinto FPSO Fast4Ward® en entrar en operación, después de la FPSO Almirante Tamandaré que comenzó en febrero de 2025.
SBM Offshore는 FPSO Alexandre de Gusmão가 2025년 5월 24일 공식적으로 운영을 시작했다고 발표했습니다. 이는 첫 원유 생산 달성과 72시간 연속 생산 테스트 완료 후의 일입니다. 이 선박은 하루에 18만 배럴의 원유와 1,200만 m3의 가스 처리 능력을 갖추고 있습니다. FPSO는 SBM Offshore가 55%, 파트너들이 45% 소유하고 있으며, Petrobras와 22.5년 임대 계약으로 운영됩니다. 브라질 산토스 분지에 위치하며, 리우데자네이루에서 약 160km 떨어진 해상에 위치한 이 선박은 메로 통합 유전을 지원합니다. 이 유전은 Petrobras(38.6%)가 운영하며 Shell Brasil(19.3%), TotalEnergies(19.3%), CNPC(9.65%), CNOOC(9.65%), PPSA(3.5%)와 협력하고 있습니다. 이는 2025년 2월에 가동을 시작한 FPSO Almirante Tamandaré에 이어 다섯 번째 Fast4Ward® FPSO 운영 시작을 의미합니다.
SBM Offshore a annoncé que la FPSO Alexandre de Gusmão a officiellement commencé ses opérations le 24 mai 2025, après avoir atteint le premier pétrole et complété un test de production continue de 72 heures. Le navire a une capacité de traitement de 180 000 barils de pétrole et 12 millions de m3 de gaz par jour. La FPSO est détenue à 55 % par SBM Offshore et à 45 % par ses partenaires, opérant sous un contrat de location de 22,5 ans avec Petrobras. Située dans le bassin de Santos au Brésil, à environ 160 km au large de Rio de Janeiro, la navire dessert le champ unifié Mero. Ce champ est exploité par Petrobras (38,6 %) en partenariat avec Shell Brasil (19,3 %), TotalEnergies (19,3 %), CNPC (9,65 %), CNOOC (9,65 %) et PPSA (3,5 %). Il s'agit de la cinquième FPSO Fast4Ward® à entrer en opération, après la FPSO Almirante Tamandaré qui a débuté en février 2025.
SBM Offshore hat bekanntgegeben, dass die FPSO Alexandre de Gusmão am 24. Mai 2025 offiziell den Betrieb aufgenommen hat, nachdem sie das erste Öl gefördert und einen 72-stündigen kontinuierlichen Produktionstest erfolgreich abgeschlossen hat. Das Schiff verfügt über eine Verarbeitungsleistung von 180.000 Barrel Öl und 12 Millionen m³ Gas pro Tag. Die FPSO befindet sich im Besitz von SBM Offshore (55 %) und Partnern (45 %) und wird im Rahmen eines 22,5-jährigen Chartervertrags mit Petrobras betrieben. Das Schiff liegt im Santos-Becken Brasiliens, etwa 160 km vor der Küste von Rio de Janeiro, und bedient das vereinheitlichte Mero-Feld. Dieses Feld wird von Petrobras (38,6 %) in Partnerschaft mit Shell Brasil (19,3 %), TotalEnergies (19,3 %), CNPC (9,65 %), CNOOC (9,65 %) und PPSA (3,5 %) betrieben. Dies ist die fünfte Fast4Ward® FPSO, die in Betrieb geht, nach der FPSO Almirante Tamandaré, die im Februar 2025 gestartet wurde.
Positive
  • Secured long-term revenue stream with 22.5-year charter contract
  • Significant processing capacity of 180,000 barrels of oil and 12 million m3 of gas daily
  • Majority ownership (55%) provides strong revenue potential
  • Partnership with major oil companies including Petrobras, Shell, and TotalEnergies
Negative
  • None.

Amsterdam, May 27, 2025

SBM Offshore announces that FPSO Alexandre de Gusmão is formally on hire as of May 24, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance.

FPSO Alexandre de Gusmão has a processing capacity of 180,000 barrels of oil and 12 million m3 of gas per day.

FPSO Alexandre de Gusmão is owned and operated by special purpose companies owned by affiliated companies of SBM Offshore (55%) and its partners (45%). The FPSO will operate under 22.5-year charter and operation services contracts with Petróleo Brasileiro S.A. (Petrobras).

The FPSO is installed at the Mero unitized field located in the Santos Basin, approximately 160 kilometers offshore Rio de Janeiro in Brazil. The Mero unitized field is operated by Petrobras (38.6%), in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%) and Pré-sal Petróleo S.A. – PPSA (3.5%), representing the government in the non-contracted area.

FPSO Alexandre de Gusmão follows the start-up of FPSO Almirante Tamandaré, which is on hire since February 16, 2025 and is the fifth Fast4Ward® FPSO entering operation.


Corporate Profile

SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. 
More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.

Financial Calendar  DateYear
Half Year 2025 Earnings August 72025
Third Quarter 2025 Trading Update November 132025
Full Year 2025 Earnings February 262026
Annual General Meeting April 152026
First Quarter 2026 Trading Update May 72026

For further information, please contact:

Investor Relations

Wouter Holties
Corporate Finance & Investor Relations Manager

Phone:+31 (0)20 236 32 36
E-mail:wouter.holties@sbmoffshore.com
Website:www.sbmoffshore.com

Media Relations

Giampaolo Arghittu
Head of External Relations

Phone:+31 (0)6 212 62 333 / +39 33 494 79 584
E-mail:giampaolo.arghittu@sbmoffshore.com
Website:www.sbmoffshore.com

Market Abuse Regulation
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer
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’s 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. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.

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.

This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports - SBM Offshore.

Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

"SBM Offshore®", the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.

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FAQ

What is the processing capacity of FPSO Alexandre de Gusmão?

FPSO Alexandre de Gusmão has a processing capacity of 180,000 barrels of oil and 12 million m3 of gas per day.

How long is the charter contract for SBFFF's FPSO Alexandre de Gusmão?

The FPSO will operate under a 22.5-year charter and operation services contract with Petrobras.

Where is FPSO Alexandre de Gusmão located?

The FPSO is installed at the Mero unitized field in the Santos Basin, approximately 160 kilometers offshore Rio de Janeiro, Brazil.

What is SBM Offshore's ownership stake in FPSO Alexandre de Gusmão?

SBM Offshore owns 55% of the special purpose companies that own and operate the FPSO, with partners holding the remaining 45%.

When did FPSO Alexandre de Gusmão start operations?

FPSO Alexandre de Gusmão officially began operations on May 24, 2025, after achieving first oil and completing a 72-hour continuous production test.
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