SBM Offshore N.V. is pleased to announce the following:
1. FPSO P-57 Update
Petrobras has confirmed in writing on 7 January 2008 that SBM Offshore is the winning bidder for the turnkey supply and three year operation of the FPSO P-57.

This follows the declaration in December 2007 that SBM Offshore was the lowest bidder in the competitive tender.

Contract discussions are ongoing and are expected to lead to a contractual commitment during the course of January 2008.

Contact person: Mr. Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 672 214 360
Fax: (+377) 92 05 89 40
E-mail: sebastiaan.derondebresser@sbmoffshore.com