SBM OFFSHORE SIGNS A FRAMEWORK ARRANGEMENT WITH SHELL FOR SUPPLY OF TURRET MOORING SYSTEMS FOR FLNG FACILITIES

SCHIEDAM, NETHERLANDS--(Marketwire - August 18, 2009) -

1. Internal Turret Mooring System for Shell's Floating LNG Facility

SBM Offshore N.V. is pleased to announce the following news:

Shell Global Solutions International B.V. and SBM Offshore have
signed a 'Turret Mooring System Framework Arrangement' for a period
of up to fifteen years, for the supply of turret mooring systems for
Shell's 3.5 million tonne per annum (mtpa) FLNG facilities. The FLNG
Turret Mooring System programme will cover the design, procurement
and construction of turret mooring systems for successive FLNG
applications.

Shell's FLNG facility has the potential to place gas liquefaction
facilities directly over offshore gas fields, thereby precluding the
need for long distance pipelines and extensive onshore
infrastructures.

The FLNG facility will produce liquefied natural gas (LNG) offshore
and will be moored with an internal and permanently connected freely
weathervaning turret mooring system, which fixes the location of the
bow within prescribed limits but allows the facility to orient in
response to the prevailing weather conditions. The turret mooring
system is a generic design and intended for use in many areas of the
world.

The internal turret mooring system is expected to be the largest in
terms of diameter with capability to handle mooring loads in excess
of current systems.

Tony Mace, CEO of SBM Offshore, commented, "We are very pleased to
have been awarded this arrangement with Shell to supply the mooring
systems for their FLNG facilities. This technology development
follows on from the successful installation of FPSO Espirito Santo
for Shell, which accommodates steel catenary risers for the first
time on an internal turret mooring system on an FPSO. These, along
with other ground-breaking mooring projects in recent years, clearly
show that SBM Offshore remains the industry leader in complex mooring
systems."

Contact person: Mr. Sebastiaan de Ronde Bresser

Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
Fax: (+377) 92 05 89 40
E-mail: sebastiaan.derondebresser@sbmoffshore.com
Website: www.sbmoffshore.com

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SBM Offshore press release: http://hugin.info/130754/R/1335450/317393.pdf

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