SBM Offshore Divests Partial Interest in FPSO Sepetiba

FPSO Sepetiba. (Image credit: SBM Offshore)
SBM Offshore has announced it completed the divestment of a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (Hong Kong) Holding Co., Limited (CMFL). This follows the announcement on February 10, 2022, of an agreement whereby CMFL would acquire its ownership interest after the FPSO Sepetiba had commenced operations. SBM Offshore is operator of the FPSO and will remain the majority shareholder with 51% ownership interest.

FPSO Sepetiba is installed at the Mero unitized field located in the Santos Basin, approximately 180 kilometers offshore Rio de Janeiro in Brazil. The Mero unitized field is operated by Petrobras (38.6%), in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%) and Pré-Sal Petróleo S.A. (PPSA) (3.5%), representing the government in the non-contracted area.

Latest Issue:

The ocean sector is fully immersed in a fundamental paradigm shift, with advances in Uncrewed Vehicles & Marine Robotics giving…

Your cON&Tent matters. Make it count.

Send us your latest corporate news, blogs or press releases.

Search