Potential offtaker

SBM Offshore NV

www.sbmoffshore.com

Estimated electricity consumption

N/A

Countries of production presence

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SBM Offshore NV is a Dutch company that operates in the Onshore Oilfield Services sector. The company specializes in the design, construction, installation, and operation of floating production, storage, and offloading (FPSO) vessels. These vessels are used in offshore oil and gas production and are designed to process and store oil and gas before it is transported to shore.

SBM Offshore NV has a long history in the oil and gas industry, having been founded in 1965. The company has a global presence, with offices and operations in countries such as Brazil, Angola, Malaysia, and Australia. SBM Offshore NV has a strong reputation for innovation and has been at the forefront of many technological advancements in the industry.

Decarbonisation is a major focus for SBM Offshore NV, and the company is committed to reducing its carbon footprint. The company has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to 2019 levels. To achieve this goal, SBM Offshore NV is investing in renewable energy and exploring new technologies to reduce emissions from its operations.

Corporate energy is another area of focus for SBM Offshore NV. The company is committed to using energy efficiently and reducing its energy consumption. SBM Offshore NV has implemented a number of initiatives to reduce energy use, such as energy-efficient lighting, heating, and cooling systems, and the use of renewable energy sources.

Corporate power purchase agreements (PPAs) are also a key part of SBM Offshore NV's strategy for decarbonisation. PPAs are contracts between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price. SBM Offshore NV has signed several PPAs with renewable energy providers to ensure a reliable and sustainable energy supply for its operations.

Renewable energy is a growing area of focus for SBM Offshore NV. The company has invested in renewable energy projects, such as wind farms and solar power plants, to reduce its reliance on fossil fuels. SBM Offshore NV is also exploring new technologies, such as hydrogen fuel cells, to power its operations in a more sustainable way.

In addition to its focus on decarbonisation and renewable energy, SBM Offshore NV is committed to responsible and sustainable business practices. The company has a strong commitment to health, safety, and the environment, and has implemented a number of initiatives to promote these values. SBM Offshore NV also has a strong focus on corporate social responsibility, and is committed to supporting the communities in which it operates.

Overall, SBM Offshore NV is a leading player in the Onshore Oilfield Services sector, with a strong focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy. The company is committed to reducing its carbon footprint and promoting sustainable business practices, and is well positioned to continue to innovate and lead the industry in the years to come.

✓ Declared Net Zero commitment