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SBM Offshore Completes Purchase of Constellation’s Shares in Five FPSOs

Written by Paulo Nogueira
Published on 22/11/2019 at 11:00
SBM OFFSHORE BRASIL FPSO CONSTELLATION
Os FPSOs gêmeos da SBM Offshore passam na Baía de Guanabara quando a Cidade de Maricá parte e a Cidade de Saquarema chega ao estaleiro da Brasa em dezembro de 2015 / fonte da imagem: SBM Offshore
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The Dutch FPSO Supplier SBM Offshore Completed the Acquisition of Constellation’s Shares in Five Brazilian FPSOs This Friday

SBM Offshore was chosen as the winner of the public auction for equity participation in five FPSOs in October. With the acquisition, SBM Offshore purchased minority stakes held by Constellation in entities related to the City of Paraty (20%), City of Ilhabela (12.75%), City of Marica (5%), City of Saquarema (5%), and Capixaba FPSOs (20%).

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SBM Offshore was already the majority shareholder of the related entities and the operator of these FPSOs before the transaction was completed. SBM said on Friday that it paid a total cash consideration of US $ 149 million upon completion of the transaction. According to the company, the completion of the transaction concludes a long-term partnership between the companies established in 2004. It is worth noting that Brazil is SBM Offshore’s largest market. By the end of 2018, the company had a total of 13 FPSOs, seven of which were deployed in Brazil.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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