SBM Offshore Was The Winning Bidder And Will Now Have A Stake In The Units Cidade de Paraty, Cidade de Ilhabela, Cidade de Marica, Cidade de Saquarema And Capixaba
The news follows the September 30 announcement from SBM Offshore that it would participate in five Brazilian FPSOs put up for sale by offshore service provider Constellation, previously known as Queiroz Galvão Óleo e Gás S.A.
See Also
- SBM Offshore Has A Corruption Case Closed By The Courts
- SBM Offshore Calls Students For Activities In Rio de Janeiro, Santos And Vitória
- SBM Offshore Starts Construction Of The 2nd Floating Oil Production Complex In Guyana
SBM Offshore was targeting minority stakes in Constellation’s units related to the following FPSOs: Cidade de Paraty (20%), Cidade de Ilhabela (12.75%), Cidade de Marica (5%), Cidade de Saquarema (5%) and Capixaba (20%).
-
Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.
-
Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.
-
Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.
-
Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.
SBM said on Friday that it successfully won its bid, adding that the completion of the transaction is still subject, among other things, to the consent of the client Petrobras and approval from the Administrative Council for Economic Defense (CADE).
SBM Offshore stated that the total consideration for the equity stake, excluding associated non-recourse project debt, is approximately US $150 million. SBM Offshore is already the majority shareholder of the related entities and the operator of these FPSOs.
Brazil is SBM Offshore’s largest market. At the end of 2018, the company had a total of 13 FPSOs, seven of which were deployed in Brazil.

Be the first to react!