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2016-02-16

SBM Offshore N.V.: FPSO CIDADE DE MARICÁ PRODUCING AND ON HIRE

February 16, 2016

SBM Offshore is pleased to announce that FPSOCidade de Maricá
is formally on hire as of February 7, 2015 after achieving first oil and the
completion of a 72-hour continuous production test leading to Final
Acceptance.

The vessel is installed in the Lula field (BM-S-11 contract) in the pre-salt
province offshore Brazil. The FPSO will operate under a 20-year charter with
Tupi BV as well as an operations contract with the BM-S-11 consortium. The
BM-S-11 block is under concession to a consortium comprised of PETROBRAS
(65%), BG E&P Brasil Ltda - a Royal Dutch Shell subsidiary (25%) and Petrogal
Brasil S.A. (10%).

The FPSO is owned and operated by a Joint Venture owned by affiliated
companies of SBM Offshore, Mitsubishi Corporation, Nippon Yusen Kabushiki
Kaisha, and Queiroz Galvão Óleo e Gás S.A. in which SBM Offshore's
shareholding is 56%.

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, 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 approximately 7,000 people worldwide. Full time
company employees totaling 4,900 are spread over five regional centres,
eleven operational shore bases and the offshore fleet of vessels. A further
2,100 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.

The Management Board
Amsterdam, The Netherlands, February 16, 2016

--------------------------------------------------------------
| Financial Calendar Date Year |
| Publication of AGM Agenda February 24 2016 |
| Annual General Meeting of Shareholders April 6 2016 |
| Trading Update 1Q 2016 - Press Release May 11 2016 |
| Half-Year 2016 Earnings - Press Release August 10 2016 |
| Trading Update 3Q 2016 - Press Release November 9 2016 |
--------------------------------------------------------------

For further information, please contact:

Investor Relations

Nicolas D. Robert
Head of Investor Relations

----------------------------------------------
| Telephone: +31 (0) 20 2363 126 |
| Mobile: +31 (0) 6 5461 2410 |
| E-mail: nicolas.robert@sbmoffshore.com |
| Website: www.sbmoffshore.com |
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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@sbmoffshore.com |
| Website: www.sbmoffshore.com |
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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.

FPSO CIDADE DE MARICÁ PRODUCING AND ON HIRE
http://hugin.info/130754/R/1986531/728844.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SBM Offshore N.V. via Globenewswire

HUG#1986531

Författare WKR

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