Highlights
- net profit of US$ 216.3 million, versus US$ 225.8 million in 2005 (which
included US$ 79.8 million exceptional gain on sale of FPSO Serpentina);
- net operational profit up by 40%;
- EBITDA of US$ 477.5 million compared to US$ 482.2 million in 2005;
- EBIT of US$ 254.3 million compared to US$ 275.3 million in 2005;
- EBIT margin 12.8% compared to 18.1% in 2005;
- new orders totalled US$ 4,916 million, compared to US$ 1,510 million in 2005;
- turnover up to US$ 1,990 million, compared to US$ 1,519 million in 2005 ;
- investment in fixed assets of US$ 309 million, compared to US$ 399 million in 2005;
- fourth execution centre opened in Kuala Lumpur;
- Extended Well Test system taken into operation in the Caspian Sea;
- FPSO Capixaba taken into operation offshore Brazil;
excellent performance of the FPSO fleet generated substantial bonus revenues;
- new-generation deepwater installation vessel taken into operation;
- new fifteen year lease contracts from ExxonMobil for two FPSOs for Kizomba 'C', Angola;
- new fifteen year lease contract from Shell for an FPSO for Brazil;
- new contracts for leases for new production concepts in new geographical areas.

Contact person: Mr. Hans Peereboom, V.P. Investor Relations

Telephone: (+377) 92 05 14 34
Mobile: (+377) 6 80 86 52 58
Fax: (+377) 92 05 89 40
E-mail: hans.peereboom@sbmoffshore.com
Website: www.sbmoffshore.com