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SBM Offshore - Yme Platform Update

SCHIEDAM, THE NETHERLANDS--(Marketwire - Oct 26, 2012) - SBM Offshore confirms that Talisman and SBM Offshore have today presented a plan to the Petroleum Safety Authority Norway regarding repairs of the grouting of the legs of the Yme platform.

The repairs follow the decision by the operator of the platform Talisman to de-man the platform and that the grouting in the legs needs repair. The repairs are scheduled to be completed before the end of this year.

After completion of the repairs, people will be allowed back onto the platform to inspect the consequences of the platform having been unattended for a long period of time. Subsequently, Talisman and SBM Offshore will be able to agree the plan forward for the platform.

To see the complete version of this press release, please click on the link below.

SBM Offshore Press Release: http://hugin.info/130754/R/1652871/533717.pdf

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Source: SBM Offshore N.V. via Thomson Reuters ONE [HUG#1652871]