SBM Offshore increases 2024 Directional EBITDA and revenue guidance and secures a 20-year lease & operate contract in Mexico.
SBM Offshore increases 2024 Directional EBITDA guidance to $1.3bn from $1.2bn and revenue guidance to above $3.8bn from $3.5bn; net pro-forma Directional backlog rises to a record $33.7bn. The company also announces an additional €65m ($71m) share repurchase, while securing a 20-year lease & operate contract for an FSO in Mexico, marking entry into a new region. SBM Offshore also focuses on the Lease and Operate model in Angola and orders its ninth Fast4Ward® Multi-Purpose Floater (MPF) hull.
August 08, 2024
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