SBM Offshore divests minority interest in FPSO Sepetiba project
December 13 2019 - 1:30AM
SBM Offshore divests minority interest in FPSO Sepetiba project
December 13, 2019
Following the announcement on December 11, 2019,
with respect to the contract signature for FPSO Sepetiba, SBM
Offshore is pleased to announce that it has entered into a
shareholder agreement with its long standing business partners
Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK)
regarding the divestment of a 35.5% interest in the special purpose
companies related to the lease and operation of FPSO Sepetiba.
MC acquired 20% and NYK acquired 15.5% ownership
interest in the companies. SBM Offshore is operator and majority
shareholder with the remaining 64.5% ownership interest.
FPSO Sepetiba is currently under construction.
The FPSO will be deployed at the Mero field in the Santos Basin
offshore Brazil, 180 kilometers offshore Rio de Janeiro, under a
22.5 years lease and operate contract with Petróleo Brasileiro S.A.
(Petrobras). Delivery of the FPSO is expected in 2022.
The financial effects from this divestment were
anticipated in SBM Offshore’s full year 2019 guidance provided in
this year’s Third Quarter Trading Update.
Corporate Profile
SBM Offshore N.V. is a listed holding company
that is headquartered in Amsterdam. It holds direct and indirect
interests in other companies that collectively with SBM Offshore
N.V. form the SBM Offshore Group (“the Company”).
SBM Offshore provides floating production
solutions to the offshore energy industry, over the full product
lifecycle. The Company is market leading in leased floating
production systems delivered to date, with multiple units currently
in operation and has unrivalled operational experience in this
field. The Company’s main activities are the design, supply,
installation, operation and the life extension of floating
production solutions for the offshore energy industry.
As of December 31, 2018, Group companies employ
approximately 4,350 people worldwide, including circa 650
contractors, which are spread over offices in key markets,
operational shore bases and the offshore fleet of vessels. Group
Companies employ a further 400 people, working for the joint
ventures with two construction yards. For further information,
please visit our website at www.sbmoffshore.com.
The companies in which SBM Offshore N.V.
directly and indirectly owns investments are separate entities. In
this communication “SBM Offshore” is sometimes used for convenience
where references are made to SBM Offshore N.V. and its subsidiaries
in general, or where no useful purpose is served by identifying the
particular company or companies.
The Management BoardAmsterdam, the Netherlands,
December 13, 2019
Financial Calendar |
Date |
Year |
Full-Year 2019 Earnings – Press Release |
February 13 |
2020 |
Annual General Meeting of Shareholders |
April 8 |
2020 |
Trading Update 1Q 2020 – Press Release |
May 14 |
2020 |
Half-Year 2020 Earnings – Press Release |
August 6 |
2020 |
Trading Update 3Q 2020 – Press Release |
November 12 |
2020 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraDirector Corporate Finance and IR
Telephone: |
+31 (0) 20 236 3222 |
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsVincent
KempkesGroup Communications Director
Telephone: |
+31 (0) 20 236 3170 |
Mobile: |
+31 (0) 6 25 68 71 67 |
E-mail: |
vincent.kempkes@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Disclaimer
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation. Some of the statements contained in this release that
are not historical facts are statements of future expectations and
other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and
uncertainties, which may cause actual results and performance of
the Company’s business to differ materially and adversely from the
forward-looking statements. Certain such forward-looking statements
can be identified by the use of forward-looking terminology such as
“believes”, “may”, “will”, “should”, “would be”, “expects” or
“anticipates” or similar expressions, or the negative thereof, or
other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentions. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in this release as anticipated, believed, or
expected. SBM Offshore NV does not intend, and does not assume any
obligation, to update any industry information or forward-looking
statements set forth in this release to reflect subsequent events
or circumstances. Nothing in this press release shall be deemed an
offer to sell, or a solicitation of an offer to buy, any
securities.
- SBM Offshore divests minority interest in FPSO Sepetiba
project
SBM Offshore NV (EU:SBMO)
Historical Stock Chart
From Mar 2024 to Apr 2024
SBM Offshore NV (EU:SBMO)
Historical Stock Chart
From Apr 2023 to Apr 2024