SBM Offshore Starts Oil Production on FPSO Cidade de Paraty for Pre-Salt Field Lula Nordeste

SBM Offshore Starts Oil Production on FPSO Cidade de Paraty for Pre-Salt Field 
Lula Nordeste 
SCHIEDAM, THE NETHERLANDS -- (Marketwired) -- 06/11/13 --  
FPSO Cidade de Paraty on hire 
SBM  Offshore is pleased to  announce FPSO Cidade de  Paraty is
formally on hire
since 7 June 2013, following full systems acceptance
by our client and continues
to ramp up oil production. 
The  facility has been  constructed in 34 months  from Letter of 
Intent in June
2010, in  line with  expectations and  meets the 
local content requirements for Brazilian  FPSOs. The  FPSO will 
operate under  twenty year charter and operate
contract on the Lula
Nordeste development in the pre-salt area, offshore Brazil. 
The  Lula field is located in block BM-S-11 in the Santos basin at
approximately
300 kilometres offshore and 2,100 metres water depth.
FPSO Cidade de Paraty is a new  generation 3 FPSO  and has  installed
topside  facilities with  a weight of around  14,000 tons to process
120,000 bpd of  oil, associated gas treatment for 5,000,000 Sm(3)/d 
with  compression  and  carbon  dioxide  removal  and a
water
injection facility for 150,000 bpd. 
The  unit is owned and  operated by a consortium  of affiliated
companies of SBM Offshore,  QGOG,  Nippon  Yusen  Kabushiki  Kaisha
(NYK), and ITOCHU Corporation
(ITOCHU). 
The Board of Management
 Schiedam, 11 June 2013 
SBM Offshore Press Release 11 June 2013:
http://hugin.info/130754/R/1708470/566059.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#1708470] 
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