SBM Offshore is pleased to announce it received today from Petrobras the formal invitation to tender for the Sépia and Libra FPSOs, as referenced in the Company’s third quarter trading update of November 11, 2015. SBM Offshore will now apply its normal tender review process. Awarding of new contracts by Petrobras to SBM Offshore remains conditional upon the conclusion of a settlement agreement between SBM Offshore and the Brazilian authorities in the compliance investigation.