Deepwater ocean-infrastructure designer, SBM Offshore, has signed a share purchase agreement for the full divestment of the company’s equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol
SBM Offshore’s exit from Equatorial Guinea will take place following a 12-month- long operational transition phase.
SBM Offshore’s sale of its participation in the unit in Equatorial Guinea is in line with its strategy to rationalise its Lease & Operate portfolio, as per other recent transactions.
The agreement remains subject to several conditions precedent and approvals.
Through the design, construction, installation, and operation of offshore floating facilities, SBM Offshore endeavours to advance just transition, ensuring cleaner, more efficient energy production.
SBM Offshore signs PSA with GEPetrol
The agreement remains subject to relevant approvals. (Image source: Adobe Stock)
