SBM Offshore Receives Extensions on FSO Contracts from Total

Total E&P Congo extended the lease and operation contract for the LPG FSO NKOSSA II between five and 10 years. The extended contract will commence when the current lease expires in November 2011. By the end of 2010, the operator of the Nkossa license will decide the fixed duration of the lease, with options for additional years up to a maximum lease extension period of 10 years. The A.P. Moller - Maersk Group (51%) and SBM Offshore (49%) joint venture will continue to execute this contract.

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