SBM Offshore Plans to Sell 45% of FSO Chalchi to NYK
SBM Offshore announced on Thursday its intention to sell a 45% stake in the ad hoc entities related to the leasing and operation of the FSO Chalchi to the Japanese shipping group Nippon Yusen Kabushiki Kaisha (NYK), while retaining a majority stake of 55%. The transaction is subject to several conditions and prior approvals.
Sale of 45% to NYK, a Long-term Partner
SBM Offshore has signed a shareholders' agreement with NYK, its long-established business partner, concerning a 45% stake in the ad hoc companies managed for the leasing and operation of the FSO Chalchi. SBM Offshore will retain a majority stake of 55%.
Suezmax FSO for the Trion Field in Mexico
The FSO Chalchi, currently under construction, will be operated under 20-year leasing and operation contracts with Woodside Energy through its Mexican subsidiary, Woodside Petróleo Operaciones de México, S. de R.L. de C.V. The vessel is based on a Suezmax hull and will be equipped with a disconnectable turret mooring system designed by SBM Offshore. It will be capable of storing approximately 950,000 barrels of crude oil and will be moored in deep waters of about 2,500 meters at the Trion field, located 180 km off the Mexican coast and 30 km south of the US/Mexico maritime border. The Trion project is a joint venture comprising Woodside (60%, operator) and Petróleos Mexicanos (40%, non-operator).
Conditions and Required Approvals
The sale remains conditional upon obtaining several prior approvals and the fulfillment of various preceding conditions.
