About SBM Offshore N.V.

SBM Offshore N.V. engages in the engineering, supply and offshore installation of SPM systems for offshore loading and unloading of tankers or the permanent mooring of offshore oil production and/or storage vessels, as well as supply of floating facilities for the production, storage and export of crude oil and gas. The product line of SBM Offshore N.V. comprises: offshore import/export terminals for crude oil, refined products, LPG and LNG, mostly based on the single point principle, Floating Production Storage and Offloading (FPSO) systems and other floating production facilities based on ship hulls, semi-submersibles and Tension Leg Platforms (TLPs); offshore oil and gas production services through FSOs and FPSOs, owned and operated by the Group; offshore construction and installation contracting services; and special designs and engineering services and delivery of specific hardware components for drillships, semi-submersible drilling platforms, jack-up drilling platforms, jack-up platforms for civil construction, large capacity offshore cranes, elevating and lifting systems, crane vessels and other specialized work vessels. In addition, the Group is also in the business of owning and operating the Floating Production and/or Storage and Offloading systems. As of April 30 2004, the Group had fourteen units in operation. Subsidiaries The company's subsidiaries include The Single Buoy Moorings (SBM) Group of Companies; SBM-Imodco, Inc.; Atlantia Offshore Limited (Atlantia); Gusto B.V.; Marine Structure Consultants; GustoMSC Inc.; and NKI Group. The Single Buoy Moorings (SBM) Group of Companies The Single Buoy Moorings (SBM) Group of Companies engages in the supply of facilities and services for the development and production of offshore oil and gas fields as well as the systems relevant to the mooring technology at large. SBM is the owner and operator of the FPSO fleet. The organization includes the business units SBM Systems for design, engineering and construction, SBM Production Contractors for operation of the FPSO and FSO lease fleet, SBM Offshore Services for after sales services and offshore contracting and SBM Gas & Power for offshore technology applications in the LPG and LNG industry. SBM-Imodco, Inc. SBM-Imodco supports the SBM Group of Companies in marketing and sales and the execution of floating production, storage and offloading system projects (FPSOs/FSOs), including LNG import/storage terminals for the USA. The company also designs, procures and fabricates mooring terminals, turrets and associated facilities and focuses on Research and Development for deepwater systems and applications. Additionally, it works with its sister company in Houston, Atlantia Offshore, on the design, procurement and fabrication of the topsides facilities for their products, thus enabling 'complete floating facility' solutions to be offered to their clients. Atlantia Offshore Limited (Atlantia) Atlantia Offshore Limited (Atlantia) is involved in the engineering, procurement, construction and installation of deepwater floating production systems. The company's primary business strategy is to offer these deepwater floating solutions for project development on a turnkey basis to the worldwide marketplace. The company has executed four deepwater projects in the Gulf of Mexico utilizing the SeaStar mono-column Tension Leg Platform (TLP) concept. This deepwater technology is suitable for drilling and producing oil and gas as a stand-alone system when offshore storage is not required, or in tandem with an FSO or FPSO. In cooperation with its sister company, GustoMSC Inc., Atlantia has developed a deep-draft semi-submersible Floating Production System (FPS) for ultra-deepwater development in the Gulf of Mexico. Gusto B.V. The core competence of Gusto B.V. (Gusto) is the development of complete class approved designs for custom-built work vessels and platforms, such as dynamically positioned (DP) drilling vessels, work-over, pipe-lay and crane vessels, large capacity offshore cranes and jack-up platforms for civil construction. Included in Gusto's portfolio is the design and turnkey delivery of special equipment, like mechanical constructions such as various types of jacking systems, high capacity winches, thruster retrieval systems, heave-compensating systems, pipelay systems and large capacity hose-reels. In addition, Gusto provides design services for the SBM Group, supplying topsides and new-build or conversion engineering for floating production, storage and offloading systems, as well as mechanical engineering for specific critical components. Marine Structure Consultants (MSC) Marine Structure Consultants offers proprietary designs for jack-up and semi-submersible platforms for various offshore applications ranging from drilling to accommodation, construction, maintenance, well services and production. MSC also develops designs and supplies the patented equipment associated with these proprietary designs. GustoMSC, Inc. GustoMSC Inc. engages in the design and modification of jack up drilling units and semi submersible drilling units. GustoMSC Inc. in addition provides design and engineering for platform-drilling rigs. As the USA office of the GustoMSC alliance, they also offer the proprietary designs of Gusto and MSC to the U.S. based clients. NKI Group NKI Group engages in the design, engineering, manufacture and project management of world wide airport terminal interiors and passenger boarding bridges as well as major signage projects for railway stations. The core business activities include the engineering, manufacture and installation of: Passenger Boarding Bridges (PBBs) in aluminium and steel, Nose loaders, Aprondrive bridges , Over the wing bridges (OTWs), Complete check-in island facilities, All other special counters, Custom made interiors and products for airport terminals, Static and dynamic signage, and Taxiway-guidance signs. Significant Events On October 21, 2009, SBM Offshore N.V. announced that the formal contract has been signed with Noble Energy EG Ltd. for the provision, lease and operation of an FPSO for the development of the Aseng field, offshore Equatorial Guinea. SBM Offshore has entered into a Joint Venture with Compania Nacional de Petroleo de Guinea Ecuatorial (GEPetrol), the state oil company of Equatorial Guinea, for the ownership and operation of the Aseng unit. History The company was formerly known as IHC Caland N.V. and changed its name to SBM Offshore N.V. in May 2005.