FPSO Alexandre de Gusmão producing and on hire

Core Insights - SBM Offshore's FPSO Alexandre de Gusmão is officially on hire as of May 24, 2025, following the achievement of first oil and the completion of a 72-hour continuous production test leading to Final Acceptance [1] - The FPSO has a processing capacity of 180,000 barrels of oil and 12 million cubic feet of gas per day [1] - The FPSO operates under a 22.5-year charter and operation services contract with Petrobras [2] Company Overview - SBM Offshore is recognized as a global expert in deepwater ocean infrastructure, focusing on the design, construction, installation, and operation of offshore floating facilities [5] - The company aims to deliver cleaner and more efficient energy production while unlocking new markets within the blue economy [5] - SBM Offshore employs over 7,800 professionals worldwide, collaborating to provide innovative solutions for a sustainable future [6] Operational Context - FPSO Alexandre de Gusmão is installed at the Mero unitized field in the Santos Basin, approximately 160 kilometers offshore from Rio de Janeiro, Brazil [3] - The Mero unitized field is operated by Petrobras in partnership with Shell Brasil, TotalEnergies, CNPC, CNOOC, and Pré-sal Petróleo S.A. [3] - The FPSO follows the start-up of FPSO Almirante Tamandaré, which has been on hire since February 16, 2025, marking it as the fifth Fast4Ward FPSO to enter operation [4]