SBM Offshore Q1 revenue rises after growth in its lease-and-operate segment

SBM Offshore NV

08/05/2024 06:10

May 8 (Reuters) - Dutch oil and gas services firm SBM
Offshore  SBMO.AS  reported a 17% rise in first-quarter revenue
on Wednesday, led by growth in its lease-and-operate segment. 
    The company, which leases, operates, builds and sells FPSO
vessels to produce and transport crude and gas, posted revenue
of $871 million for the first three months of 2024, compared
with $742 million a year earlier. 
   

 (Reporting by Shivani Tanna in Bengaluru; Editing by Tom Hogue)
 ((ShivaniJayesh.Tanna@thomsonreuters.com;))