Dutch FPSO operator SBM Offshore has entered into a shareholder agreement with Mitsubishi Corporation and NYK regarding the divestment of a total 35.5% interest in the special purpose companies related to the lease and operation of FPSO Sepetiba.
Mitsubishi acquired 20% and NYK acquired 15.5% ownership interest in the companies. Following the deal, SBM Offshore is still operator and majority shareholder with the remaining 64.5% ownership interest.
The deal comes right after SBM Offshore secured a 22.5 years long term contract with Petrobras for the use and operation of FPSO Sepetiba this week.
The FPSO, which is capable of producing 180,000 barrels of oil per day, will be deployed at the Mero field in the Santos Basin offshore Brazil. Delivery of the FPSO is expected in 2022.