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SBM OFFSHORE INVITED TO PARTICIPATE IN PETROBRAS TENDERS

SCHIEDAM, Netherlands, Sept. 28, 2015 (GLOBE NEWSWIRE) -- 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. Please visit our website at www.sbmoffshore.com.

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.

The Management Board

Amsterdam, The Netherlands, September 28, 2015

Financial Calendar Date Year
Extraordinary General Meeting of Shareholders November 4 2015
Trading Update 3Q 2015 - Press Release November 11 2015
Full-Year 2015 Earnings - Press Release February 10 2016
Publication of AGM Agenda February 24 2016
Annual General Meeting of Shareholders April 6 2016
Trading Update 1Q 2016 - Press Release May 11 2016
Half-Year 2016 Earnings - Press Release August 10 2016
Trading Update 3Q 2016 - Press Release November 9 2016

For further information, please contact:

Investor Relations

Nicolas D. Robert

Head of Investor Relations

Telephone: +377 92 05 18 98
Mobile: +33 (0) 6 40 62 44 79
E-mail: nicolas.robert@sbmoffshore.com
Website: www.sbmoffshore.com

Media Relations

Anne Guerin-Moens

Group Communications Director

Telephone: +377 92 05 30 83
Mobile: +33 (0) 6 80 86 36 91
E-mail: anne.guerin-moens@sbmoffshore.com
Website: www.sbmoffshore.com

Disclaimer

Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company's business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "may", "will", "should", "would be", "expects" or "anticipates" or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.


To see the complete version of this press release, please click on the link below.

Press Release PBR Reinstatement http://hugin.info/130754/R/1954810/711527.pdf

HUG#1954810

Source:SBM Offshore N.V.