Bad Weather Conditions Impact to MOPUstor Platform Productivity

Productivity of work currently being performed on the MOPUstor platform on Norwegian field Yme has been significantly impacted over recent months, among other factors, by exceptionally poor weather conditions in the North Sea and the resulting inability of the client supplied accommodation vessel to remain on station next to the platform.

SBM Offshore is investigating with its client the appropriate response to these circumstances and evaluating the related schedule and cost impacts. This information will then be communicated at a later date.

The Dutch public company SBM Offshore N.V. is the holding company of a group of international, marine technology orientated companies. Its business is to serve on a global basis the offshore oil and gas industry by
supplying engineered products, vessels and systems, and offshore oil and gas production services.

[mappress]

Offshore Nieuws Staff, January 12, 2012