SBM Offshore Announces Delivery OF OSX-2 and Provides Deep Panuke Update

SBM Offshore Announces Delivery OF OSX-2 and Provides Deep Panuke Update 
SCHIEDAM, THE NETHERLANDS -- (Marketwired) -- 09/04/13 --  The 
Company is pleased  to announce the  successful delivery of FPSO
OSX-2. The vessel was delivered to the client, OSX 2 Leasing B.V.
("OSX") this week. 
With  a total topside  weight of over  10,000 tons and a  production
capacity of 100,000 barrels  of oil per day, the  facility was
constructed in 27 months from
contract award to delivery. 
Bruno Chabas, CEO of SBM Offshore commented: 
"We  are pleased to announce  the delivery of OSX-2, a  turnkey
project that was constructed  on time and  on budget for  our client
OSX.  In particular, I would
like to recognize our global project
management team for a job well done." 
DEEP PANUKE UPDATE 
Deep   Panuke  continues  commissioning  activities  leading  up  to
production
acceptance  and  the  start  of  the  lease  contract. 
These activities involve
achieving  a steady  state of  production
and  are taking  the time required to safely  start  the  gas 
platform.  SBM  Offshore  expects  the activities to be completed in
the coming weeks and will inform the market at that stage. 
The  Deep Panuke project produces and processes natural gas from the
Deep Panuke
field,  approximately  250 kilometres  (155  miles) 
southeast  of Halifax, Nova
Scotia  on the  Scotian Shelf.  The
platform  is designed  to produce up to 300
million cubic feet per
day (MMcf/d) of natural gas. 
The  terms of the lease  and operate contract are  for a minimum
period of eight
years  with annual extension provisions of up  to a
maximum of twelve additional
years. 
Corporate Profile 
SBM Offshore N.V. is a listed holding company that is headquartered
in Schiedam.
It holds direct and indirect interests in other companies
that collectively with
SBM Offshore N.V. form the SBM Offshore group
("the Company"). 
SBM  Offshore  provides  floating  production  solutions  to the
offshore energy
industry,  over the  full product  life-cycle. The 
Company is market leading in leased  floating production systems with
 multiple units currently in operation,
and  has unrivalled 
operational experience  in this  field. The  Company's
main
activities  are  the  design,  supply,  installation  and 
operation of Floatin
g
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 7,400 people  worldwide, who  are
spread over five
execution  centers, eleven  operational shore 
bases, several construction yards
and   the   offshore   fleet   of  
vessels.   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. 
The Board of
Management 
Schiedam, September 4, 2013 
To  see the  complete version  of this  Press Release,  please click
on the link
below. 
SBM Offshore Press Release:
http://hugin.info/130754/R/1727360/576566.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#1727360] 
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
 
 
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