SBM Offshore N.V.
amsterdam : SBMO

February 21, 2013 12:46 ET

SBM Offshore - FRAM FPSO update

SCHIEDAM, THE NETHERLANDS--(Marketwire - Feb 21, 2013) - SBM Offshore confirms it has been notified by Shell, that in light of unexpected well results, they have decided to reassess the development plan for the Fram oil and gas field in the UK North Sea and not to continue with several key contracts associated with this development including the FPSO.

SBM Offshore has been working on an FPSO solution for this field under a letter of interim award (LoIA) announced on 15 June 2012. As the project was awaiting contract finalisation, it had not been included in SBM Offshore's project portfolio and backlog as published on 14 February 2013.

To see the full version of this press release please click on the link below:

SBM Offshore Press Release: http://hugin.info/130754/R/1680250/548950.pdf

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(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SBM Offshore N.V. via Thomson Reuters ONE

[HUG#1680250]

Contact Information

  • For further information, please contact:

    Investor Relations
    Sebastiaan de Ronde Bresser
    Investor Relations Officer
    Telephone: (+377) 92 05 85 15
    Mobile: (+33) 643 919 312
    E-mail: Email Contact

    Website: www.sbmoffshore.com

    Media Relations
    Anne Guerin-Moens
    Group Communications Director
    Telephone: (+377) 92 05 30 83
    Mobile: (+377) 680 863 691
    E-mail: Email Contact
    Website: www.sbmoffshore.com