SBM Offshore to Supply the Ichthys turret

Press releease
- SBM Offshore N. V.
1. Turrett
and Moorinng
system for f Ichthys FFPSO
SBM Offshhore
is pleassed
to announce
it has beeen
awarded d a contract by b the Ichthyys
LNG Proje ect for the
engineerinng,
procuremment,
fabricat tion and suppply
of a Turre et and Mooring
system. TThis
system will w be
integrated by the clientt
into the Ichthys
FPSO aand
installed offshore NW W Australia. TThe
contract t also includees
assistancee
during the iintegration
of
the Turret into
the FPSO
as well as during instaallation
on the e field
offshore. TThe
value of this order is around US$ $ 0.5 billion. Large L complex
turret moooring
system ms for new-
build FPSOOs
are one oof
the core pr roducts of the
Company.
Installationn
of the Turreet
and Mooring
system inn
the field is anticipated in n mid 2015.
‐ The Icchthys
LNG PProject’s
FPS SO, a new buuild
335 meter-long
vessel,
will be mooored
in water
depths of
250 mmetres
and located
in the Browse Basin,
off the no orth-west coa ast of Westerrn
Australia, 820
kilomeetres
south-wwest
of Darwin.
‐ Approximate
dimensions
of the e Turret: diammeter
20 meters;
height 65 6 metres annd
weight 7,0 000 tons.
‐ The Turret
can acccommodate
up to 15 riseers
and will be
designed for f 40 years oof
operation without beinng
disconnnected.
The Ichthyys
LNG Projeect
is a joint venture v betwween
INPEX (76%, the op perator) and Total (24%) . Gas from thhe
Ichthys Fieeld,
in the Brrowse
Basin approximateely
200 kilom metres offshore
of Westerrn
Australia, will w undergo
preliminaryy
processingg
offshore to remove wateer
and extrac ct condensat te. The gas wwill
then be exported e to
onshore processing
facilities
in Darwin
via an 8889
kilometre e subsea pipeline.
The Icchthys
Projec ct is expectedd
to producee
8.4 million ttonnes
of LN NG and 1.6 mmillion
tonnes s of LPG per annum, alonng
with approximately
80,000 barrels
of conddensate
per day d at peak.
2. Financial
Agendaa
Full-year Results 2011
- Press Re elease (07.300
CET)
Full-year Results 2011
- Analysts Presentation
(Amsterda am)
Publicatioon
Annual Report
and Ag genda Annuaal
General Meeting M of Sh hareholders
Trading UUpdate
Q1 22012
- Press Release (077.30
CET)
Annual GGeneral
Meetting
of Share eholders (Rottterdam)
Half-yearr
Results 20112
- Press Re elease (07.330
CET)
Half-yearr
Results 20112
- Analysts s Presentatioon
(Amsterda am)
Trading UUpdate
Q3 22012
- Press Release (077.30
CET)
www.sbmoffsshore.com
SBM OFFSHORRE
SIGNS S CONTRA ACT FOR
SUPPLY Y OF THE TURRET FOR ICHT THYS FPSSO
Page 1 of 2
2 February
20122
02 March h
02 March h
28 March h
16 May
16 May
16 Augus st
16 Augus st
15 Novem mber
20122
20122
20122
20122
20122
20122
20122
20122

3. Corpoorate
Profilee
Dutch limitted
liability company
SBM M Offshore NN.V.
is the ho olding compa any of a grouup
of internat tional, marinee
technologyy
orientated companies. Its business is to serve on o a global basis
the offshore
oil and gas industryy
by supplying
engineereed
products, vessels andd
systems, an nd offshore oil o and gas pproduction
se ervices.
The produuct
line compprises:
Offshoore
import/exxport
termina als for crude oil, refined products, p LPG G and LNG, mostly based
on the singgle
point mmooring
principle,
Floatin ng Productionn
and/or Storage
and Off floading systtems
(FSOs and FPSOs) )
and otther
floating production fa acilities baseed
on ship hu ulls, semi-sub bmersibles aand
Tension Leg Platformms
(TLPs);
Offshoore
oil and gaas
production n services thhrough
the le easing of inte egrated produuction
and st torage facilitiies
ownedd
and operated
by SBM Offshore; O
Designn,
constructioon
and supply
of semi-suubmersible
drilling
platfor rms;
Speciaal
designs annd
engineerin ng services aand
delivery of specific hardware
commponents
for r dynamicallyy
positiooned
drillshipps,
semi-subm mersible drillling
platforms,
jack-up dr rilling platformms,
jack-up platforms p for
civil coonstruction,
llarge
capacit ty offshore crranes,
elevating
and liftin ng systems, ccrane
vessels
and other
speciaalised
work vvessels;
Offshoore
constructtion
and insta allation contrracting
servic ces.
The Boardd
of Managemment
For furtheer
informatioon:
SBM Offshhore
N.V.
Karel Doormanweg
666
3115 JD SSchiedam
Post addrress:
P.O. Box 331
3100 AA SSchiedam
The Netheerlands
Contact pperson:
Mr. Sebastiaan de Ronde BBresser
Telephonne:
(+ +377) 92 05 85 8 15
Mobile:
(+ +33) 643 919 312
Fax:
(+ +377) 92 05 89 8 40
E-mail:
seebastiaan.derondebresseer@sbmoffsh
hore.com
Website: wwww.sbmoffsh
hore.com
Disclaimer
Some of the statements conntained
in this re elease that are nnot
historical fac cts are statements
of future exppectations
and other o forward-
looking stateements
based onn
management’ s current views and assumptio ons and involve known and unkknown
risks and uncertainties thhat
could cause actual results, pperformance,
or r events to differr
materially from m those in such statements. Such
forward-look king statements
are subject too
various risks aand
uncertaintie es, which may ccause
actual res sults and perform mance of the Coompany’s
busin ness to differ
materially annd
adversely fromm
the forward-lo ooking statemennts.
Certain suc ch forward-looking
statements ccan
be identified d by the use of
forward-lookiing
terminology such as “believ ves”, “may”, “willl”,
“should”, “wo ould be”, “expec cts” or “anticipate tes” or similar ex xpressions, or thhe
negative therreof,
or other vaariations
thereof f, or comparablee
terminology, or o by discussions
of strategy, pllans,
or intentions.
Should one or
more of these
risks or uncerrtainties
materia alise, or should uunderlying
assu umptions prove incorrect, actuaal
results may va ary materially froom
those describbed
in this releaase
as anticipate ed, believed, or expected. SBM M Offshore NV does d not intend, and does not assume a any
obligation, too
update any inddustry
informatio on or forward-loooking
statemen nts set forth in th his release to reeflect
subsequen nt events or
circumstancees.
www.sbmoffsshore.com
Page 2 of 2
Schieedam,
2 February
2012