SBM OFFSHORE ANNOUNCES DEPARTURE OF COO

SBM OFFSHORE ANNOUNCES DEPARTURE OF COO

SCHIEDAM, Netherlands, Nov. 7, 2013 (GLOBE NEWSWIRE) --

SBM  Offshore  confirms  that  effective  immediately  Bruno  Chabas,  CEO,  has
temporarily  taken over the role of COO following the dismissal of Jean-Philippe
Laures, COO.

Although   no   further  comments  can  be  made  at  this  time  regarding  the
circumstances  leading up to his dismissal,  the company can reassure the market
it is not related to the operational performance of the projects in hand.

The  Company's 3Q 2013 trading update is scheduled to be released next Thursday,
November 14, 2013 at 07:30 Central European time.


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, November7, 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: http://hugin.info/130754/R/1741453/585115.pdf

[HUG#1741453]
 
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