SBM Offshore confirms participation in auction for partner´s minority ownership in SBM Offshore operated companies
(WorldNews Netherlands)

Following the public sale notice by Serviços de Petróleo Constellation S.A. (`Constellation`), formerly Queiroz Galvão Óleo e Gás S.A., of its equity ownership in the lease and operating companies related to five Brazilian FPSOs, SBM Offshore confirms that it will participate in this sealed bids competitive process. The auction consists of the minority stake held by affiliated companies of Constellation in the entities related to the following five FPSOs (with Constellation`s ownership percentage in brackets): Cidade de Paraty (20%), Cidade de Ilhabela (12.75%), Cidade de Marica (5%), Cidade de Saquarema (5%) and Capixaba (20%). SBM Offshore is already the majority shareholder of the related...