SBM OFFSHORE ANNOUNCES DEPARTURE OF COO

SBM Offshore confirms that effective immediately Bruno Chabas, CEO, has temporarily taken over the role of COO following the dismissal of Jean-Philippe Laures, COO.

Although no further comments can be made at this time regarding the circumstances leading up to his dismissal, the company can reassure the market it is not related to the operational performance of the projects in hand.

The Company's 3Q 2013 trading update is scheduled to be released next Thursday, November 14, 2013 at 07:30 Central European time.

Corporate Profile

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

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle. The Company is market leading in leased floating production systems with multiple units currently in operation, and has unrivalled operational experience in this field. The Company's main activities are the design, supply, installation and operation 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 7,400 people worldwide, who are spread over five execution centers, eleven operational shore bases, several construction yards and the offshore fleet of vessels. 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.

The Board of Management

Schiedam, November 7, 2013                                                                                                

For further information, please contact:

Investor Relations
Nicolas D. Robert
Head of Investor Relations

Telephone:	[phone]
Mobile:	[phone]
E-mail:	[e-mail]
Website:	www.sbmoffshore.com

Media Relations
Anne Guerin-Moens
Group Communications Director

Telephone:	[phone]
Mobile:	[phone]
E-mail:	[e-mail]
Website:	www.sbmoffshore.com

 

To see the complete version of this press release, please click on the link below.

SBM Offshore Press Release

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Source: SBM Offshore N.V. via Thomson Reuters ONE

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