SBM Offshore Achieves Winning Bid on FPSO P-57 for Petrobras

Petrobras has confirmed in writing on Jan. 7, 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.

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