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
 -  CNOOC Flows First Oil from Xijiang 24-... (Nov 25)
 -  Faroe Completes Sale of Glenlivet Stak... (Nov 25)
 -  Jupiter to Spud Latest Kazakh Well in ... (Nov 25)
 -  Maersk Gets Extension from Hess for Re... (Nov 24)
 -  Cidade de Ilhabela FPSO Achieves First... (Nov 24)
Most Popular Articles
From the Career Center
Jobs that may interest you
Driver
Expertise: Dispatcher
Location: Bakersfield, CA
 
Appraisal Risk Management - Project Coordinator III
Expertise: Risk Management
Location: Anchorage, AK
 
MWD Field Operator - Washington, PA
Expertise: MWD/LWD
Location: Washington, PA
 
search for more jobs