SBM Offshore has signed two Share Purchase Agreements with its partner MISC Berhad for:
- the total acquisition of MISC Berhad’s entire effective equity interest in the lease and operating entities related to the FPSO Espirito Santo in Brazil; and
- the full divestment to MISC Berhad of SBM Offshore’s effective equity interest in the lease and operating entities of the FPSO Kikeh in Malaysia.
This transaction furthers SBM Offshore’s efforts to maintain focus and excellence in its operating portfolio. Agreements remain subject to several conditions precedent and approval by various competent authorities.
Source: SBM Offshore
