Stolt Offshore S.A. Awarded $30 million Contract in West Africa

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August 13, 2003

Stolt Offshore S.A. (Nasdaq: SOSA; Oslo Stock Exchange: STO) today announced that it had been awarded a contract by Triton Equatorial Guinea, Inc. for
Phase III of its Ceiba field development offshore Equatorial Guinea.

Tom Ehret, Chief Executive Officer, said “We are gratified to have been awarded this contract which is valued at approximately $30 million, as it is the third consecutive part of this deepwater development which has been awarded to Stolt Offshore, thus expressing satisfaction with our previous work and confidence in the Company’s abilities going forward. The work scope includes the transport and installation of a 550T Utility Deck Module for the Ceiba FPSO, the installation of subsea pumps, rigid spools and umbilicals in a depth of over 800 metres.”

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