SBM Offshore is pleased to announce that its main Brazilian subsidiary has received written notification from Petrobras of its ability to participate in the recently issued Libra and Sépia FPSO tenders in Brazil.  This follows a thorough review of the Group’s compliance standards by Petrobras, including its compliance department.

A definitive invitation to bid on the Libra FPSO tender requires approval by the partners in the Libra field.  SBM Offshore continues to be in active dialogue with the relevant Brazilian authorities.

Corporate Profile

SBM Offshore N.V. (“the Company”) is a listed holding company that is headquartered in Amsterdam.  It holds direct and indirect interests in other companies that collectively with SBM Offshore N.V. form the SBM Offshore group (“the Group”).

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle.  SBM Offshore is market leading in leased floating production systems with multiple units currently in operation and has unrivalled operational experience in this field.  The Group’s main activities are the design, supply, installation, operation and the life extension of Floating Production, Storage and Offloading (FPSO) vessels.  These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis.

Group companies employ over 9,000 people worldwide.  Full time Group employees totalling 5,700 are spread over five regional centres, eleven operational shore bases and the offshore fleet of vessels.  A further 3,300 are working for the joint ventures with several construction yards.

The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate entities.  In this communication “SBM Offshore” is sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies concerned.