1、ANNUAL REPORT 20182-SBM OFFSHORE ANNUAL REPORT 2018 This year was an active one in the yards for SBM Offshore,with the construction phase a key focus for three major projects;work advanced on two FPSOs,including our first Fast4WardTM FPSO and a Turnkey turret project.The photos in the Annual Report
2、provide an insight into these activities on the ground with our project management teams shaping the future for the offshore phase.The quiet market of past years is steadily changing and we are on track to continue ramping up to meet clients needs.In todays challenging market,operators need to rely
3、on experienced contractors in order to achieve their goals on time and on budget.SBM Offshores people are the key to the Companys success.They are our experience and our expertise.They are the key to our future.They embody our new vision.This is their story.TABLE OF CONTENTSSBM OFFSHORE ANNUAL REPOR
4、T 2018-31At a Glance41At a Glance41.1Message from the CEO71.2SBM Offshore and its Global Presence101.3Vision and Values131.4Activities and Markets131.5Market Positioning161.6Position within the Value Chain181.7Materiality-based Value Creation211.82018 in Brief262Strategy and Performance302Strategy a
5、nd Performance302.1Group Strategy332.2Fast4Ward342.3Sustainability352.4Financial Performance372.5Economic Performance382.6Health,Safety,Security and Environment422.7Operational Excellence452.8Quality and Regulatory462.9Talented People492.10 Technology522.11 Supply Chain532.12 Human Rights543Governan
6、ce563Governance563.1Management Board583.2Supervisory Board603.3Report of the Supervisory Board643.4Remuneration Report713.5Corporate Governance783.6Shareholder Information853.7Risk Management893.8Compliance943.9Company Tax Policy973.10 Operational Governance983.11 In Control Statement1004Financial S