SBM Offshore N.V. : SBM OFFSHORE STARTS OIL PRODUCTION ON FPSO CIDADE DE PARATY FOR PRE-SALT FIELD LULA NORDESTE

   SBM Offshore N.V. : SBM OFFSHORE STARTS OIL PRODUCTION ON FPSO CIDADE DE
                   PARATY FOR PRE-SALT FIELD LULA NORDESTE

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

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

SBM Offshore Press Release 11 June 2013

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