FPSO Mystras Producao de Petroleo LTDA (FMPP), a 50% owned subsidiary of SBM Offshore N.V., has received a notice from Agip Energy and Natural Resources (Nigeria) Ltd (AENR), exercising AENR’s option under the current Service Agreement to purchase the FPSO Mystras.
Full delivery pursuant to the purchase option is scheduled to take place at the FPSO's present location in the Okono and Okpoho fields offshore Nigeria on 16 July 2008. Responsibilities of the owner for the management, operation and maintenance were transferred to AENR as of 16 May 2008.