SBM OFFSHORE AWARDED BROWSE FLNG TURRET FEED

SBM OFFSHORE AWARDED BROWSE FLNG TURRET FEED

ID: 427630

(Thomson Reuters ONE) -




October 19, 2015


SBM Offshore is pleased to announce that Technip SA (Technip) has awarded the
Company the Front-End Engineering and Design (FEED) contract for three, large-
scale turret mooring systems associated with the proposed Browse Floating
Liquefied Natural Gas (FLNG) Development in Australia.

The contract awarded to SBM Offshore covers the FEED elements of the proposed
Browse FLNG Development's turret work.  The three, large-scale turrets are
expected to be designs similar to and slightly larger in size than the Shell
Prelude FLNG turret that SBM Offshore was awarded in 2011 and whose last module
was recently successfully delivered from the construction yard in Dubai.
Integration with the Prelude facility in Korea is currently ongoing.

The Browse project will incorporate the lessons learned by Shell, Technip
Samsung Consortium and SBM Offshore in the design and construction of Shell's
Prelude FLNG project in order to maximize efficiencies in replicating the
Prelude FLNG solutions for the three Browse FLNG facilities.

The proposed Browse project, operated by Woodside Energy Ltd., is located 425
kilometers north of Broome in Western Australia.  The project's reference case
is based on three FLNG facilities to develop the Brecknock, Calliance and Torosa
fields in the Browse Basin and is subject to final investment decision targeted
for the end of the FEED in the second half of 2016.


Corporate Profile

SBM Offshore N.V. (the "Company") is a listed holding company that is
headquartered in Amsterdam.  It holds direct and indirect interests in other
companies that collectively with SBM Offshore N.V. form the SBM Offshore group
(the "Group").

SBM Offshore provides floating production solutions to the offshore energy




industry, over the full product life-cycle.  SBM Offshore is market leading in
leased floating production systems with multiple units currently in operation
and has unrivalled operational experience in this field.  The Group's main
activities are the design, supply, installation, operation and the life
extension 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 9,000 people worldwide.  Full time Group employees
totalling 5,700 are spread over four regional centres, eleven operational shore
bases and the offshore fleet of vessels.  A further 3,300 are working for the
joint ventures with several construction yards.  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 concerned.

The Management Board
Amsterdam, The Netherlands, October 19, 2015



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(at)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(at)sbmoffshore.com

Website: www.sbmoffshore.com


Disclaimer

Some of the statements contained in this release that are not historical facts
are statements of future expectations and other forward-looking statements based
on management's current views and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance, or events
to differ materially from those in such statements. Such forward-looking
statements are subject to various risks and uncertainties, which may cause
actual results and performance of the Company's business to differ materially
and adversely from the forward-looking statements. Certain such forward-looking
statements can be identified by the use of forward-looking terminology such as
"believes", "may", "will", "should", "would be", "expects" or "anticipates" or
similar expressions, or the negative thereof, or other variations thereof, or
comparable terminology, or by discussions of strategy, plans, or intentions.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those described in this release as anticipated, believed, or expected. SBM
Offshore NV does not intend, and does not assume any obligation, to update any
industry information or forward-looking statements set forth in this release to
reflect subsequent events or circumstances.

SBM OFFSHORE AWARDED BROWSE FLNG TURRET FEED:
http://hugin.info/130754/R/1959433/714176.pdf



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1959433]




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Bereitgestellt von Benutzer: hugin
Datum: 19.10.2015 - 07:00 Uhr
Sprache: Deutsch
News-ID 427630
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Diese Pressemitteilung wurde bisher 210 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"SBM OFFSHORE AWARDED BROWSE FLNG TURRET FEED"
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Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

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SBM Offshore N.V. announces that Mr. Dick van der Zee will retire and leave the Board of Management on 31 December 2009. Mr. van der Zee joined SBM Offshore (formerly IHC Caland N.V.) in 1996 as Managing Director of subsidiary Company IHC Gusto ...

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