SBM Offshore Sells GustoMSC Subsidiary

Dutch oilfield services firm SBM Offshore announced Monday that it has agreed to sell its offshore design and engineering subsidiary GustoMSC to private equity group Parcom Capital for $185 million cash.

SBM said this is a first step in its $400 million divestment program that it announced in August 2012.

SBM Offshore CEO Bruno Chabas commented in a company statement:

"We are pleased to have reached an agreement with Parcom to sell GustoMSC. Parcom is in a good position to achieve, jointly with GustoMSC's management, the business's potential. This transaction allows SBM Offshore to release substantial capital and focus exclusively on FPSOs, and associated products and services, in line with strategy. I wish GustoMSC and its employees all good fortune for the future."

GustoMSC supplies proprietary designs of mobile offshore units and for delivery of associated equipment.


Have a news tip? Share it with Rigzone!


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  China's Honghua to Supply Middle East ... (Nov 27)
 -  CIMC Raffles Holds Naming Ceremony for... (Nov 26)
 -  Wood Group PSN Secures Services Contra... (Nov 26)
 -  Aker Solutions Wins Maintenance Contra... (Nov 26)
 -  Nighthawk Energy: No Commercial Finds ... (Nov 26)

Most Popular Articles

From the Career Center
Jobs that may interest you
Sales Engineer - West Texas
Expertise: Business Development|Field Service Tech|Sales
Location: West Texas, TX
Sales Engineer - Oklahoma
Expertise: Business Development|Field Service Tech|Sales
Location: Mid-Con, OK
Chartering Manager
Expertise: Business Development|Logistics Management|Sales
Location: Texas, TX
search for more jobs

Brent Crude Oil : $46.17/BBL 0.10%
Light Crude Oil : $43.04/BBL 0.39%
Natural Gas : $2.21/MMBtu 0.45%
Updated in last 24 hours