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SBM Offshore - FRAM FPSO update

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. 
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 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(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] 
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:      sebastiaan.derondebresser@sbmoffshore.com 
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:      anne.guerin-moens@sbmoffshore.com
 Website:     www.sbmoffshore.com
 
 
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