Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

SBM Offshore Now 'Exclusively Focused' on FPSOs

change text size

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?

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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Gulf Marine Sees Extensions to Vessel ... (Jul 28)
 -  Technip Holds Naming Ceremony for New ... (Jul 28)
 -  Rose Moves from Ophir to Premier to Ta... (Jul 28)
 -  Husky Updates on Field Developments in... (Jul 25)
 -  Exillon Production Slows Further in Ju... (Jul 25)
Most Popular Articles
From the Career Center
Jobs that may interest you
Fluids Engineer
Expertise: Mud Engineer / Drilling Fluids
Location: East , TX
 
Field Operator- GPOR
Expertise: Field Service Tech
Location: Odessa, TX
 
Service Quality Engineer
Expertise: Perforation, Stimulation , Wireline Logging
Location: Midland, TX
 
search for more jobs