SBM Offshore today announced half-year results for 2011.
Financial Highlights
Operational Highlights
Outlook 2011
Tony Mace, CEO of SBM Offshore : “The impairment charge is very disappointing in light of the excellent performance on the more recent projects which is reflected in the positive momentum on key indicators with an increase in turnover, a 23% higher EBITDA and a record order portfolio. New prospects for the Company look promising further to the recently awarded LOI for a lease of a FPSO for the Guara Norte development in Brazil, which is the largest order ever received by SBM Offshore.”
[mappress] Source: SBM Offshore, August 18, 2011;