SBM Offshore N.V. is pleased to announce that the Group has received confirmation of several turnkey design and supply orders for a variety of systems and services from its product line:

The order for a very large internal Turret Mooring System for the Floating Production Unit (FPU) P-53 which will operate Petrobras’ Marlim Leste Field in the Campos Basin, Brazil. The unit will be installed at a water depth of 1,080 metres and the permanent Turret Mooring will be positioned using nine mooring lines composed of chain and polyester rope segments. Oil will be produced through eighteen oil production and nine water injection wells, all connected to the Turret with flexible risers and control umbilicals. Produced oil, up to 180,000 barrels per day, will be exported to the PRA-1 platform and the gas, six million cubic meters per day, exported to the adjacent P-26 platform, also by way of the Turret Mooring. The total of seventy five flexible risers and the related piping, manifolding and swivel arrangements make this internal Turret Mooring System the largest ever designed and built. Fabrication of the turret and integration into the FPU does not form part of the contract and will be performed by the Keppel FELS yard in Singapore. Completion is scheduled for mid 2007.
Through Delcom Services Sdn Bhd a contract from Murphy Sabah Oil Co Ltd for the engineering, procurement, construction and installation of a Gravity Actuated Pipe (GAP) system for the transfer of multiple live produced fluids on the Kikeh Field offshore Malaysia. The GAP will cover a distance of 1,600 metres and will connect the SPAR Dry Tree Unit and the turret moored Floating Production Storage and Offloading vessel. The GAP consists of a neutrally buoyant pipe carrying steel oil transfer pipes and a control and power umbilical. The bundle is supported and tensioned at a depth of 150 metres under the water surface by chains and weights attached to the two floating units. Fluid transfer between the pipe bundle and the floaters at the two extremities is by means of flexible lines. The GAP system will be fabricated in Malaysia and offshore installation is scheduled for the second quarter of 2007.
This near surface transfer system, patented by SBM, greatly reduces flow assurance problems caused by hydrate formation and waxing. The contract represents a breakthrough for this technology that offers attractive solutions for the development of ultra-deepwater fields.

An order for Marine Structure Consultants (MSC) in Schiedam for the provision of the basic design package for two semi-submersible drilling units to be built for Maersk Contractors at Keppel FELS in Singapore.
A Letter of Award from BP for the design, supply and installation of additional swivel paths on the large internal turret mooring system supplied by SBM in the mid nineties for BP's Schiehallion FPSO. This modification forms part of the ‘West Of Shetland Subsea Pumping Project’ and will allow transfer of power and controls to subsea pumps, as well as the flow of the produced fluids from the wells to the process facilities on the FPSO. The Schiehallion FPSO is operated by BP on behalf of its Partners, Shell UK, Amerada Hess, Statoil, Murphy and OMV.
An order from Fred Olsen for the supply of a Catenary Anchor Leg Mooring (CALM) system for the export of oil produced by a spread moored FPSO to be installed in the Addax operated Antan field offshore Nigeria.
The cumulative value of the