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dardization principles also apply to proach previously mentioned, we are conversion projects. Our topsides con? dent that we can be awarded 2+ and mooring catalogue can be used FPSOs per year.” for conversions and the same design “Brazil is clearly a key target mar- philosophies and ways of working are ket, with many of the expected global employed. We are experts in conver- FPSO awards over the next 10 years, sion and we want to remain the lead- Baudic said. “SBM Offshore’s strat- ers in this segment.” egy is to be selective in its bids and “In addition, we are building on our take part in the ones that it sees a strengths and expertise, we continue clear opportunity to add value, spe- to offer solutions in the medium to cially focusing on the more complex large conversion-type FPSOs and we end of the FPSO spectrum.

are incorporating the principles of “The key success factors for SBM

Fast4Ward to add value to our conver- Offshore will be to leverage its Fast- sion FPSOs. 4Ward program – which applies to “With this portfolio, we expect that both newbuilds and conversions – and 80% of the FPSO prospects coming leverage its long experience in Brazil to the market in the next few years of providing lasting solutions that will will be accessible to SBM Offshore. facilitate timely delivery and reliable

With the disciplined and selective ap- operations for the years to come.”

JANUARY/fEBRUARY 2020 OFFSHORE ENGINEER 23