来自/Offshore Energy Today 8月3日消息 编译/赵美园石油圈原创www.oilsns.com
[collapse title=英文原文请点击]
Norway’s offshore safety body, the Petroleum Safety Authority (PSA), has given consent to Statoil to use Saipem’s Scarabeo 5 semi-submersible drilling rig for maintenance of a production well on the Snorre field, offshore Norway. The rig is under contract with Statoil until 2017 but has had a prolonged period of suspension time due to overcapacity in Statoil’s rig portfolio. The rig’s latest suspension ended on August 1.
Snorre is an oil field in the Tampen area of the North Sea, around 150 kilometers west of Florø. The field has been developed using two floating integrated production platforms, Snorre A and B, and one subsea template tied back to Snorre A. Production at the Snorre field began in 1992. The PSA said that the consent relates to the use of the Scarabeo 5 for maintenance work on well 34/7-A8 HT. The well has been shut down, and the aim of the maintenance activity is to make improvements to the well intending to put it back into production. The activity at the 335-metre deep site is scheduled to begin in early August and to last 22 days. The Scarabeo 5 semi-submersible drilling rig was built in Genoa in 1990 by Fincantieri Shipyard.
[/collapse]
Jan Vader, V.P.表示:“很荣幸得到ConocoPhillips的信任并且能有机会与ConocoPhillips公司签订新的五年合同”。石油圈原创www.oilsns.com
来自/Worldoil 4月12日消息 编译/张弘引
[collapse title=英文原文请点击]
HAMILTON, Bermuda -- ConocoPhillips has awarded Archer a five-year contract for the provision of mechanical wireline services for the Norwegian Continental Shelf. The contract was awarded to Archer following a competitive tender process for ConocoPhillips’ well intervention services in Norway.
Archer has provided wireline intervention and cased hole logging services for ConocoPhillips since 2009, and the current contract would have expired in January 2017. The new contract will commence on May 1, 2016, and will cover a period of five years until April 30, 2021.
Jan Vader, V.P. of wireline, commented, “We are extremely pleased with the confidence ConocoPhillips places in Archer by giving us the opportunity to continue to work for them for an additional five years.”
Oil Rises To Four-Month High As U.S. Shale Production Slides.
Oil climbed to a four-month high in London as forecasts for lower U.S. shale production signaled the global oversupply will slowly diminish.
Prices This Week Hinge On Doha Talks.
About 15 OPEC and non-OPEC producers are expected to meet this weekend in a summit that will be very closely monitored for clues about production output.
Wells Fargo Misjudged the Risks of Energy Financing.
Wells Fargo’s foray into oil shows how Wall Street misjudged the risks hidden in an esoteric type of energy financing long thought to be bulletproof.
GE Starts Works On Prelude Flexible Risers.
GE Oil & Gas started production of four high pressure high temperature (HPHT) dynamic flexible risers which will be used on Shell's FLNG facility, Prelude at its Newcastle facility.
Chesapeake Surprises By Keeping $4 bn Borrowing Base.
Chesapeake Energy Corp surprised investors on Monday by keeping its $4 billion loan from banks despite concerns about its liquidity position at a time when many oil and gas producers are seeing their credit cut.
BLM Extends Comment Period On Methane.
In response to requests from the public, the Bureau of Land Management (BLM) has extended the public comment period until April 22, 2016, for the recently proposed Methane and Waste Prevention Rule.
Fitch Cuts Saudi Rating.
Fitch Ratings said on Tuesday it had cut Saudi Arabia's long-term foreign and local currency issuer default ratings to 'AA-' from 'AA' with a negative outlook as oil prices remain weak.
Montrose Platform Heads To North Sea Location.
Topsides for Talisman Sinopec UK's (TSEUK) new Montrose Bridge Linked Platform sailed out from Heerema's Zwijndrecht yard south of Rotterdam.
Shell CEO May Sell N. Sea Assets.
Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, CEO Ben van Beurden said on Tuesday, part of a two-year program to help finance its purchase of gas major BG Group.
BigRoll Shipping Takes Delivery of BigRoll Barentsz.
BigRoll Shipping took delivery of their first MC Class vessel, BigRoll Barentsz, from Crosco Dalian Shipyard.
HOUSTON -- InterAct, an Acteon company, has been awarded a contract with a major West Coast operator to provide well integrity management and engineering services for three gas fields in California.
The scope of the contract includes the creation of individual wellbore diagrams and evaluation against current standards, along with conceptual site models to identify theoretical leak paths and classify wellbore risk factors. To comply with the state’s Underground Injection Control (UIC) program regulatory requirements, the reservoir will also be analyzed to determine reserve estimates and further characterized as required.
Nick Arbour, senior petroleum engineer and project manager, said, “Our ongoing focus on well integrity management, combined with our cost efficient approach, has resulted in a significant contract win, which represents an important addition to the InterAct project portfolio. With our team of highly skilled engineers, geologists, and computer scientists, InterAct is able to provide a complete integrity management solution that fully satisfies both the client and regulatory requirements.”
InterAct’s Integrity Management and Engineering (IME) Division offers solutions across the entire asset integrity lifecycle for wells, pipelines and facilities; delivering cost-effective and long-term benefits to our clients. InterAct can provide a dedicated team of subject matter experts who are able to advise on all phases of Integrity Management and Engineering from initial conception through design, installation and commissioning to operations and finally decommissioning. InterAct also provides teams of engineers to be based onsite, in-country to initiate and audit integrity management programs and provide independent inspections and third party verification for regulatory requirements.
80:20已经赢得一项价值2500万英镑的合同,合同涉及北海地区的工作。
80:20是一家专业的采购公司,80:20常务董事Paul Dorward表示:“虽然当今市场形势严峻,但我们很高兴能在2016年有一个良好的开端。我们公司一直采用新技术,有着高水平的采购专家,并且一直致力于提升员工素质。此外,80:20和采购与供应特许机构(CIPS)关系密切,该机构在世界范围内被公认为顶尖采购专家的规范,我们认为这也是客户信任80:20为他们所提供的采购服务的原因。”
公司表示,合同签订为Houston办公部的建立创造了条件。石油圈原创www.oilsns.com
80:20公司在能源热点拥有一个有三人组成的团队。Adrian Quick已经被任命为新办公部的业务经理。80:20称其正计划招聘新员工以跟进公司不断增长的业务。
该公司目前在英国、荷兰、挪威、特立尼达和马耳他设有办公地点。
来自/Energy Voice 5月2日消息 编译/赵宁
[collapse title=英文原文请点击]
80:20 has landed £25million in North Sea contracts.
The procurement specialist, which is owned Peterson, said the contract wins include two successful re-tenders for a further three years each.
Managing director Paul Dorward said: “We have had an extremely positive start to 2016, particularly in this difficult market. Our use of innovative commercial and technology solutions has been the driving force behind these wins.
“We have a highly skilled team of procurement experts and are committed to continuing the development of our people. We have a strong affiliation with the Chartered Institute of Procurement and Supply (CIPS) which is recognised worldwide as the standard for top quality procurement professionals and we believe this is key to clients entrusting 80:20 to deliver their procurement services.”
The wins support the opening of its new Houston office, according to the firm.
Adrian Quick has been appointed as new office’s business manager. 80:20, which has a team of three in the energy hotspot, said plans were already underway to hire additional resource to support its growing workbook.
The company currently employs 36 people worldwide with bases in the UK, Netherlands, Norway, Trinidad and Malta.
[/collapse]
[collapse title=英文原文请点击]
Brazilian state-controlled oil company Petrobras has received bids from four floater specialists in a race to supply a pair of floating production, storage and offloading vessels for the Libra and Sepia pre-salt projects in the Santos basin.
Sources told Upstream that Japan's Modec International, SBM Offshore of the Netherlands and Norway's BW Offshore submitted proposals for the Libra pilot FPSO, while Modec, SBM and compatriot Bluewater presented offers for the Sepia floater.
Bids were submitted last Friday, Upstream was told.
Another source said Bluewater and Malaysian player Bumi Armada were also ready to submit offers for Libra and Sepia, respectively, but backed out at the last minute.
The Petrobras bidding committee is now expected to analyse the technical aspects of all proposals before commercial prices are disclosed. One source said this process may take several weeks.
The Libra pilot FPSO will have capacity to produce 180,000 barrels per day of oil and will be equipped with natural gas processing and compression facilities handling up to 12 million cubic metres per day.
The Libra floater will be contracted by Petrobras for a 22-year period on behalf of a production sharing consortium in which Anglo-Dutch supermajor Shell, French supermajor Total, China National Petroleum Corporation and China National Offshore Oil Corporation are partners.
The Sepia FPSO will be chartered for 13 years, with an option to renew it for another eight years, and will be able to handle 180,000 bpd and 5 MMcmd.
Both units are due to enter operations in 2020.
[/collapse]
RETORIA 5月9日消息(路透社)--- 周一,南非政府发布一项文件,该文件表示:南非计划在接下来的三年投资1800亿美元兰特(120亿美元)发展能源行业。该文件主要阐述了南非政府-企业任务团队(government-business team)应采取的措施,该团队的任务是拉动南非经济增长。
该文件还表示:南非政府正计划出售非战略性国家资产。周一,该任务团队向Jacob Zuma总统进行了汇报。石油圈原创www.oilsns.com
来自/Rig Zone 5月9日消息 编译/赵宁
[collapse title=英文原文请点击]
PRETORIA, May 9 (Reuters) - South Africa is budgeting 180 billion rand ($12 billion) for energy investment over the next three years, according to a document released Monday outlining steps taken by a government-business team tasked with finding ways to spur growth.
The document also says that the government is looking at ways to sell non-strategic state assets. The task team reported to President Jacob Zuma on Monday.
[/collapse]
1. Salman国王更换OPEC头号人物
沙特阿拉伯国王更换石油部长Ali Naimi,这一消息于周六对外公布,距离沙特宣布改革计划已有一个月。
2. Helmerich & Payne的首席执行官说美国最好的陆地钻机前途渺茫
H&P公司拥有配置最高的现代陆地钻机,他们总能很快指出一些老式钻机所拥有的缺陷。但上周,首席执行官John Lindsay进一步表示,面临市场窘境,这些最好的陆地钻机可能永远不会再被使用。
3. 火灾导致加拿大日产油量下降三分之一
虽然石油工业基础设施基本保持完好,但是受火灾影响地区的日产油量降低100万桶,为加拿大日产油量的三分之一多。
4. 在加拿大火灾影响下 油价未能攀升
最近加拿大遭遇严重火灾,日产油量减少100万桶。但是由于投资者保持谨慎,周一油价下跌,未能升至2016年4月份的高水平。
5. 低油价导致美国最新炼油厂走向衰落
North Dakota州一家炼油厂是美国在20世纪70年代以后建立的唯一一家新炼油厂,现在却因为油价低迷被迫减产。此外,炼油厂所有者及运营者表示有可能会出售这家炼油厂。
6. 武装袭击导致尼日利亚石油产量降至20年来最低水平
由于愈演愈烈的武装袭击活动对尼日利亚的石油设施造成严重破坏,尼日利亚遭遇不断恶化的石油供应中断问题,石油产量降至20年来最低水平。
7. 伊朗将建设地下石油仓库
Iranian Oil Terminals Company (IOTC)公司总裁Pirouz Mousavi称:该油库将会建在波斯湾一座滨海城市附近,距离海岸大约100千米。
8. 伊朗称:永不接受石油冻产
周日,伊朗石油部长重申伊朗坚决拒绝石油冻产。在这种情况下,油价如何能够攀升?
9. Kosmos在塞内加尔海域发现大量天然气
Kosmos Energy发布消息称:Kosmos在塞内加尔 - 毛里塔尼亚油藏带上发现超过25万亿立方英尺的天然气。
10. 马来西亚Sealink公司计划提升船舶产量
Sealink首席执行官/副总裁Yong Kiam Sam表示:Sealink计划提升船舶产量。他还表示:今年,Sealink以3400万令吉的价格向一客户出售两艘登陆艇。石油圈原创www.oilsns.com
来自/Oilpro 5月9日消息 编译/赵宁
[collapse title=英文原文请点击]
King Salman Replaces The Most Powerful Figure In OPEC. Saudi Arabian King Salman has replaced oil minister Ali Naimi. The move was announced Saturday and comes a month after the Royal Kingdom announced plans to decrease its economy's reliance on oil. [Oilpro]
Helmerich & Payne CEO Says All But The Very Best US Land Rigs May Be Dead. H&P, with a fleet of high spec modern land rigs, has always been quick to point out the flaws of the antiquated rigs owned by other drillers. But last week, CEO John Lindsay took it a step further, saying that all but the very best land rigs may never work again. [Oilpro]
Wildfires Take Out More Than 1/3 Of Total Daily Canadian Oil Production. Though oil infrastructure is mostly still in tact, more than 1 M/bpd of oil production has been shut-in as a result of the fires. This lost capacity is equivalent to more than a third of Canada's average daily oil output. [Oilpro]
Oil Surrenders Gains From Canada Fires. Oil fell on Monday, surrendering gains made after Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, as caution among investors prevented a return to late April's 2016 price highs. [Reuters]
Newest Refinery in U.S. Could Fall to Low Oil Prices. A brand new North Dakota refinery-the only new refinery built in the United States since the 1970s--has been forced to cut production, while its owners and operators are forced to concede that a sell-off might be in order thanks to the consistently low oil prices. [Oilprice.com, Oilpro]
Nigerian Oil Output Plunges To 20-Year Low As Attacks Escalate. Nigeria is suffering a worsening bout of oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the energy-rich but impoverished nation increase in number and audacity. [Bloomberg]
Iran to Build Underground Oil Reserves. The project will be implemented near a Persian Gulf littoral city at a distance of 100 kilometers from the coast, Managing Director of Iranian Oil Terminals Company (IOTC) Pirouz Mousavi said. [tasnimnews.com, Oilpro]
Iran: No Freeze Ever. How oil prices can go higher with three major producers saying they’re pumping full throttle remains a mystery. Iran’s Oil Minister reiterated on Sunday that the country will not accept any production freeze. Ever. [Forbes]
Kosmos Makes Significant Gas Discovery Offshore Senegal. Dallas, Texas, based Kosmos Energy has laid claim to more than 25 Tcf of gas in the Senegal-Mauritania fairway after making its latest gas discovery. [oedigital.com, Oilpro]
Malaysian Company To Ramp Up Manufacturing Of Vessels. Sealink is looking to build more vessels which have a niche market, according to its CEO/deputy managing director Yong Kiam Sam. He said the company sold two landing crafts for some RM34mil to an external customer early this year. [thestar.com.my, Oilpro]
Meet Mihaela Musat Of Bucharest, Romania #HUMANSofOG. She writes, "In this photo I was traveling for work in the Buzau area, which is a traditional oil area such is Oil Mine area Sarata Monteoru - unique in Europe. Here oil is exploited by a system of galleries. I was involved in a nice project here rehabilitating air compression systems in Sarata Monteoru." [Oilpro]
[/collapse]
Leading Yamal LNG contractor Yamgaz is understood to be ready to move more fabrication work on process modules for the Russian project away from the AG&P yard in the Philippines, which industry officials said has been facing capacity constraints since being awarded a Yamal subcontract last year.
“AG&P will be cleared of all ongoing work for Yamal modules,” claimed one source, adding that Yamgaz — a joint venture between Technip, JGC and Chiyoda — will most likely transfer partially-fabricated and outstanding modules to Chinese yards.
However, a spokesman for AG&P said it is continuing to supply critical process modules for the project.
The project remains on schedule, the spokesman said, but added that all details regarding delivery of the modules and the contractual agreement relating to them are confidential.
In June, Yamgaz transferred part of the fabrication work being carried out by AG&P to Qingdao McDermott Wuchuan (QMW), US player McDermott’s Chinese joint venture.
The engineering, procurement and construction contract covers mechanical completion, pre-commissioning, and load-out of six modules.
Last year, AG&P subcontracted to China’s Yangzhou Muyang Group fabrication work on up to 17 process modules weighing a total of 30,000 tonnes.
However, that job was later cancelled in part due to concerns about Muyang’s lack of experience in building sophisticated modules.
Chinese yard sources said China Petroleum Offshore Engineering’s (CPOE) facilities in Qingdao stand a good chance of taking over the remaining fabrication obligations.
CPOE is the only yard that has already finished its own module fabrication commitment for Yamal LNG.
Its yard is expected to be empty after its existing workload on Yamal finishes in April next year.
Yamgaz is to turn a subcontract with fabricator Jiangsu China Nuclear Industry Libert (LBT) into a formal engineering, procurement and construction contract, covering work on some modules for Yamal LNG.
Last year, Sinopacific Offshore & Engineering (SOE) along with LBT as subcontractor, won a deal from Yamgaz to build 310 modules for the Yamal LNG project, weighing a total of 80,000 tonnes.
LBT is fabricating pipes and will carry out assembly work on these modules, while SOE is responsible for steel structure fabrication.
协议从2016年6月20日起生效,将于2017年7月19日到期。 Petra Energy表示:双方后续继续沟通后,可能决定将合同期延长。该公司还指出,此次签署谅解备忘录有意为双方协作招标,因此备忘录里并未提到合同价值。
来自/Offshore Energy Today 7月22日消息 编译/赵美园石油圈原创www.oilsns.com
[collapse title=英文原文请点击]
Malaysia’s Petra Energy and MMC Oil & Gas Engineering will join forces to pursue selective opportunities involving engineering and design in brownfield activities of oil and gas in Malaysian market. The pair entered into a memorandum of understanding (MoU), agreeing to combine their resources and expertise, on July 20, 2016. Announcing the MoU, Petra said in a Bursa Malaysia filing on Friday that this cooperation will benefit both companies.
According to the memorandum, Petra’s wholly-owned subsidiary company, Petra Resources, will cooperate with MMC Oil & Gas, a provider of engineering design services to the oil & gas industry, in respect of design and detailed engineering scope for potential projects for one year.
The agreement is effective from July 20, 2016 and expiring on July 19, 2017. An extension option may be mutually agreed between the two companies, the company added. Petra noted that there is no contract value stated as this MoU serves as an intention of the parties to ‘cooperate and collaborate for bidding purposes’.
[/collapse]
周一,印度尼西亚能源部发布消息称:去年招标的8个油气区块中,没有一个成功赢得中标者。
当地报纸Jakarta Post报道称:竞标公司有四个月的时间投标。印度尼西亚政府把承包商的利润收益比重从15%(石油)和30%(天然气)提升到35%(石油)和40%(天然气),这表明投标者数量很少。
虽然有两家公司有意向投标Oti区块和Kasuri区块,但是他们的报价低于最低要求。政府官员认为低油价是导致投标者数量少的原因。今年,这些区块将会和另外11个区块一起进行拍卖。政府将会提出公开招标计划,而潜在投资者可以提出他们自己的可行收益分成。石油圈原创www.oilsns.com
来自/Natural Gas Asia 5月9日消息 编译/赵宁
[collapse title=英文原文请点击]
Indonesia’s energy ministry on Monday said none of the eight oil and gas blocks put up for tender last year has attracted a winning bidder.
According to Jakarta Post, a local newspaper, companies were given a lengthy four-month deadline to register an offer. The lack of bids was emphasized by the fact that the government increased the revenue proportion for contractors by 35 percent for oil and by 40 percent from gas, from 15 and 30 percent, respectively, the newspaper said.
Although two companies expressed interest for two blocks namely Oti block and Kasuri II block, their offers were below the minimum amount required. A similar situation was witnessed in 2014 as well when 10 out of 21 oil and gas blocks put up for auction failed to find new contractors, Jakarta Post added.
Officials have cited low oil prices as the reason for lack of interest. The blocks that failed to illicit interest will be put up for auction again this year along with 11 other blocks. This year, the government will offer open bid split schemes in which potential investors can propose their own economically feasible revenue split, conducive to their current situation.
Indonesia has been struggling to maintain domestic oil and gas production from ageing fields amid rising local demand. Many experts believed the country will become a gas importer by the end of this decade from being an exporter.
[/collapse]
来自/Offshore Energy Today 10月18日消息 编译/赵美园石油圈原创www.oilsns.com
[collapse title=英文原文请点击]
The Norwegian Petroleum Directorate (NPD) has granted Aker BP, a new oil exploration and production company formed by BP Norge and Det norske merger, a drilling permit for well 25/2-18 B, offshore Norway. According to the agency, the well 25/2-18 B will be drilled from the Maersk Drilling-owned Maersk Interceptor jack-up drilling rig, in production license 442 in the North Sea.The drilling program for well 25/2-18 B relates to the drilling of an appraisal well. Aker BP is the operator with an ownership interest of 90 percent, and LOTOS Exploration and Production Norge is a licensee with 10 per cent.
The area in this license is made up of parts of block 25/2 and block 25/3. This is the third well to be drilled in the license.The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to starting drilling activities.
[/collapse]
据World Energy News网站报道,熟悉此事的业内消息人士25日表示,由于沙特阿美公司在油价不断下跌之际削减成本,这个石油巨头日前要求油田服务公司把折扣延长到2016年。一名拒绝透露名字和身份的消息人士说,油田服务公司已被多次要求提供折扣。今年提供的折扣期限将在今年年底前到期,其他供应商将是下一步被要求延长折扣的对象。沙特阿美公司在对路透社的电子邮件中表示,该公司在延长折扣一事上没有任何信息要发布。第二名消息人士说,沙特阿美公司希望在油价低迷的时候保持其钻探活动,但“他们能够通过提高效率来节省开支”,而另外消息人士说,一些公司已被要求提供更多的折扣。
来自/Subsea World News 7月6日消息 编译/张弘引石油圈原创www.oilsns.com
[collapse title=英文原文请点击]
Saipem said it has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros.
The most significant contract relates to the field development project for the Zohr gas field, located off the Egyptian coast in the Mediterranean sea.
Petrobel has awarded Saipem an engineering, procurement, construction & installation (EPCI) contract for the accelerated start-up of the development project for the Zohr Gas Field. Petrobel, a joint venture between Eni and EGPC (Egyptian General Petroleum Corporation) is in charge of the development of Zohr on behalf of PetroShorouk, a joint venture between EGAS (Egyptian Natural Gas Holding Company) and Eni.
The scope of work of the contract encompasses the installation of a 26-inch gas export trunkline and 14-inch and 8-inch service trunklines, as well as EPCI work for the field development in deep water (up to 1700 metres) of 6 wells and the installation of the umbilical system. Work will start in July 2016 and is due to be completed by the end of 2017.
Saipem will mobilize the ultra-deepwater last generation pipelayer Castorone, the semisubmersible pipelayer Castoro Sei, the trench/pipelay barge Castoro 10, and other specialized vessels to carry out offshore operations.
The Zohr gas field was discovered by Eni in August 2015, using the drillship Saipem 10000, which is still operating in the area.
Furthermore, Saipem said it has agreed to various changes in the scope of work on existing E&C Offshore contracts in other countries.
来自/Offshore Energy Today 7月15日消息 编译/赵美园石油圈原创www.oilsns.com
[collapse title=英文原文请点击]
Kenz Figee, a Dutch lifting and hoisting systems provider for the international offshore oil and gas industry, has a new owner. The company on Friday said it was being taken over by MeeMaken BV, a firm with the worldwide network and portfolio comprising service companies to the offshore energy business. The former senior management at Mammoet, Roderik van Seumeren and Natasja Sesink will be the new owners of Kenz Figee as partners of MeeMaken BV.
According to a statement by Kenz Figee, the strengths and joint success of companies such as Selmers, Euro-Rigging, Alltec Lifting Systems, Be One Development and LiftWerx, will be combined so that a larger market can be served.
The name Kenz Figee Group, as well as the business activities of the two active business units (Kenz Cranes and Kenz Crane Services), will stay unchanged. The financial details of the transaction were not disclosed.
[/collapse]
来自/Offshore Energy Today 8月11日消息 编译/赵美园石油圈原创www.oilsns.com
[collapse title=英文原文请点击]
Dutch-based provider of floating production systems to the international offshore oil and gas industry, SBM Offshore, will lay off at least another 250 employees amid market downturn. SBM Offshore said on Wednesday that, as a result of the ongoing review of the company’s cost structure due to the continued market downturn, the workforce reduction is now expected to amount to at least 650 positions worldwide over the course of 2016 as a result of the 2016 restructuring plan.
The company started its restructuring plan at the end of 2014 which, according to SBM, allowed the Turnkey segment to remain at breakeven during the first half of 2016 and to lower overheads costs by 29% during the period. The company had planned to cut around 400 jobs this year, but increased that number to at least 650 on Wednesday. As a result of the restructuring plan, the expected annualized savings are anticipated to reach at least $70 million.
SBM also said that additional cost savings will be targeted through various means, including a 10% voluntary cut in fixed income for the next twelve months by the members of the Management Board and the Executive Committee. In addition, the Management Board and the Executive Committee will reduce their potential 2016 short-term cash incentive by 50%.
The Dutch FPSO provider also on Wednesday announced the appointment of D.H.M. Wood as its new Chief Financial Officer (CFO).Wood has worked at Royal Dutch Shell plc since 1993 in various financial and management positions; most recently as CFO of Showa Shell Sekiyu K.K. in Japan.
[/collapse]