Netherlands-based SBM Offshore, a provider of design, construction, installation and operation of floating offshore facilities, has decided to sell a minority stake to its long-time business partner Nippon Yusen Kabushiki Kaisha (NYK) in a new floating storage and offloading (FSO) unit, intended for deployment in a deepwater oil project offshore Mexico, North America.
SBM Offshore has entered into a shareholder agreement with Nippon Yusen Kabushiki Kaisha to divest a 45% ownership interest in special purpose vehicles related to Rent and operate Subordinate Limestone FSOWhich will operate in the Gulf of Mexico. The Dutch company will remain the majority shareholder with an ownership stake of 55%.
While the divestment process remains subject to several conditions and prior approvals, this FSO is currently under construction and will be operated under a 20-year lease and operating contracts with Woodside energy Through its subsidiary in Mexico, Woodside Petroleo Operaciones de México.
Based on a Suezmax-type hull, the new-build FSO will be equipped with a detachable tower mooring system designed by SBM Offshore. The unit will be anchored at a depth of about 2,500 meters and will be able to store about 950,000 barrels of crude oil.
It will be FSO Spread out in Tryon fieldIt is located 180 kilometers off the Mexican coast and 30 kilometers south of the US-Mexico maritime border. This project is a joint venture between Woodside (60%, operator) and Petróleos Mexicanos (Pemex, 40%).
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