SBM Offshore N.V. : SBM OFFSHORE ANNOUNCES DELIVERY OF OSX-2 AND PROVIDES DEEP PANUKE UPDATE

SBM Offshore N.V. : SBM OFFSHORE ANNOUNCES DELIVERY OF OSX-2 AND PROVIDES DEEP
                                PANUKE UPDATE

September 4, 2013

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  Floating 
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

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

To see the complete version  of this Press Release,  please click on the  link 
below.

SBM Offshore Press Release

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Source: SBM Offshore N.V. via Thomson Reuters ONE
HUG#1727360
 
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