Update on SBM Offshore Tenders in Brazil

Source: www.gulfoilandgas.com 5/28/2014, Location: South America

SBM Offshore confirms that it is in dialogue with Petrobras regarding participation in the upcoming Tartaruga Verde and Libra tenders. The Company has deployed significant resources on bidding activities to date and as such is seeking clarification, legal and otherwise, for the potential exclusion from both tenders. SBM Offshore will inform the market when a conclusion is reached.

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