SBM Offshore Now 'Exclusively Focused' on FPSOs

Dutch floating production specialist SBM Offshore reported Thursday that it is now "exclusively focused" on FPSO (floating production, storage and offloading) vessels after having completed the sale of its GustoMSC subsidiary.

The sale, announced Nov. 12, of the design and engineering subsidiary to Parcom Capital for $185 million cash means that SBM is now able to concentrate on FPSOs and FPSO-related products, it said.

Over the past decade, SBM has developed a fully-equipped execution center with approximately 550 staff that it says has the capacity to design two FPSO projects simultaneously.

In a statement Thursday, SBM CEO Bruno Chabas commented:

"The sale of GustoMSC closes a chapter in our history and our past association with shipbuilding. Significantly, our Schiedam execution center, home to an innovative engineering skills base within the Company, can now focus fully on what we do best: FPSOs."
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  AOD Secures Contract Extensions for 2 ... (Jul 29)
 -  OGDCL Discovers Gas at Khamiso-1 Prosp... (Jul 29)
 -  Key Petroleum to Take 40% Stake in Per... (Jul 29)
 -  Sembcorp Marine's 2Q 2016 Net Profit F... (Jul 29)
 -  Geo Oceans Pioneers Use of Subsea Robo... (Jul 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
United States Rock Springs: Technical Professional - Principal Technical Pr
Expertise: Cementing
Location: Rock Springs, WY
 
United States Fort Lupton: Cementing Bulk Material Operator I to III
Expertise: Cementing
Location: Fort Lupton, CO
 
US El Reno: Service Operator II to Service Specialist I- Frac/Acid
Expertise: Field Service Tech|Production Operator
Location: El Reno, OK
 
search for more jobs

Brent Crude Oil : $42.7/BBL 1.77%
Light Crude Oil : $41.14/BBL 1.83%
Natural Gas : $2.87/MMBtu 7.49%
Updated in last 24 hours