SBM Offshore Delivers Delba III Rig, Wins Serpentina Contract Extension

Dutch oil services provider SBM Offshore NV (SBMO.AE) said Monday it has delivered a drilling rig to Delba Drilling International Cooperative U.A. and received an extension of two years for the operating contract of the FPSO Serpentina from ExxonMobil Corp (XOM).

MAIN FACTS:

- The Semi-Submersible drilling rig "Delba III" has been delivered and handed over to SBM's client Delba Drilling International Coöperative U.A. offshore Abu Dhabi on 30 September 2011.

- The rig is the last of the series of three Semi-Submersible drilling rigs which the Company contracted to supply to Brazilian clients.

- The Company has received an extension of two years for the operating contract of the FPSO Serpentina from ExxonMobil in Equatorial Guinea, with options to extend for a further three years.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com