SBM Offshore - FRAM FPSO update
SCHIEDAM, THE NETHERLANDS -- (Marketwire) -- 02/21/13 -- 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.
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Source: SBM Offshore N.V. via Thomson Reuters ONE
For further information, please contact:
Sebastiaan de Ronde Bresser
Investor Relations Officer
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
Group Communications Director
Telephone: (+377) 92 05 30 83
Mobile: (+377) 680 863 691
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