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    SBMO   NL0000360618

SBM OFFSHORE N.V

(SBMO)
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SBM Offshore N : receives Technology Qualification from ABS for AI-Powered Mooring Solution

07/15/2021 | 08:11am EDT

SBM Offshore has reached a new milestone in its digital transformation program: ABS has issued New Technology Qualification (NTQ) to SBM Offshore's artificial intelligence powered Intelligent Agent Mooring Line Integrity Tool, allowing the technology to be integrated into offshore systems for the first time.

This tool is built on SBM Offshore's unrivalled mooring expertise and FPSO lifecycle management, combined with the advancement in machine learning capabilities. It enables the detection of a potential mooring line failure and its location, without relying on a traditional mooring tension monitoring system.

SBM Offshore's operating experience, standardized design through its Fast4Forward® program, and a strong data management program, put SBM Offshore in a unique position to unlock significant value through the development of Intelligent Agents.

Oivind Tangen, Managing Director Operations of SBM Offshore, commented: 'This achievement is only one example of how SBM Offshore is using digitalization to make meaningful shifts in offshore operations, making them safer, more reliable and more efficient. It is just the beginning of the application of machine learning in our offshore operations. We target the development of intelligent agents into areas where it is challenging to create value from operational data through traditional analytics.'

Séverine Baudic, Managing Director New Energies and Services of SBM Offshore, commented: 'Our machine learning capabilities are developing fast, in an agile work environment. We expect a lot to follow through our collaboration with our strategic partner FieldBox.ai. The ultimate objective is to deliver more value to all our clients including the ones in the floating offshore wind market. This development is part of a wider ambition to expand our activities by offering digital services to the offshore energy market.'

This new milestone follows the opening of the Company's first Operational Intelligence and Performance Optimization Center (OIPOC) in 2018 and the offshore testing and deployment in 2019 of intelligent agents, advancing SBM Offshore's machine learning capabilities. The artificial intelligence and machine learning developments are executed in partnership with FieldBox.ai, a digital native organization bringing reliable Industrial Operations AI to scale.

Disclaimer

SBM Offshore NV published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 12:10:05 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 2 548 M - -
Net income 2021 110 M - -
Net Debt 2021 5 442 M - -
P/E ratio 2021 25,0x
Yield 2021 5,51%
Capitalization 3 250 M 3 248 M -
EV / Sales 2021 3,41x
EV / Sales 2022 3,45x
Nbr of Employees 4 506
Free-Float 75,5%
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Mean consensus BUY
Number of Analysts 9
Last Close Price 17,41 $
Average target price 23,32 $
Spread / Average Target 33,9%
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Managers and Directors
Bruno Yves Raymond Chabas Chief Executive Officer
Douglas H. M. Wood Chief Financial Officer
Roeland Ijsbrand Baan Chairman-Supervisory Board
Philippe Barril Chief Operating Officer
Erik Lagendijk Chief Governance & Compliance Officer
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