Under the Company's industry leading Fast4Ward ® program, eight standardized MPF hulls have been ordered to date with seven allocated to projects and one supporting tendering activities. Douglas Wood, CFO of SBM Offshore, commented: "The successful closing of this facility supports our Fast4Ward ® strategy to fast-track FPSO projects and make them more competitive by providing targeted financing for the construction of MPF hulls at a competitive rate." Corporate Profile SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry. As a leading technology provider, we put our marine expertise at the service of a responsible energy transition by reducing emissions from fossil fuel production, while developing cleaner solutions for renewable energy sources. More than 7,000 SBMers worldwide are committed to sharing their experience to deliver safe, sustainable and affordable energy from the oceans for generations to come.