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.
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
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
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.
We have increased our revenue guidance versus the initial baseline and these results highlight the resilience of our business model.
Risks mentioned
Environnement de marché de plus en plus complexe et volatil mentionné par le CEO
Fin de la fabrication des topsides de FPSO Jaguar réduisant sa contribution au chiffre d'affaires
Attribution finale du contrat Longtail soumise à approbations gouvernementales et décision finale d'investissement du client
Opportunities identified
Attribution des contrats FPSO SEAP I et SEAP II par Petrobras renforçant le backlog
Commande d'une 13e coque Fast4Ward portée par de solides perspectives du marché FPSO
Backlog pro-forma record de 35,6 milliards de dollars offrant une visibilité jusqu'en 2050
Outlook / guidance
Expected revenue: 7 600 millions de dollars
Expected EBITDA: 1 900 millions de dollars
Management commentary: The Company's 2026 Directional revenue guidance is increased to around US$7.6 billion, of which around US$2.4 billion is expected from the Lease and Operate segment and around US$5.2 billion from the Turnkey segment.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
