SBM OFFSHORE 2015 HALF-YEAR EARNINGS

SCHIEDAM, Netherlands, Aug. 5, 2015 (GLOBE NEWSWIRE) -- SBM Offshore is happy
to report better than expected revenue. The Company continues to see a healthy
appetite for its projects, as evidenced by the 45% taken up by joint venture
partners in the Turritella project as well as the recently announced US$1.55
billion of project financing for Cidade de Saquarema. Progress in discussions
with Brazilian authorities continues via the announced signing of a Memorandum
of Understanding. SBM Offshore continued to achieve over 99% uptime across the
fleet while Directional^1 Backlog ended the period at US$20.0 billion. Full
year Directional^1 revenue guidance has been increased to at least US$2.6
billion.
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