SBM Offshore has sold a 45% stake in its Almirante Tamandaré floating production storage and offloading (FPSO) vessel to Mitsubishi and Nippon Yusen Kabushiki Kaisha (NYK).
According to the shareholder agreement signed by both parties, Mitsubishi and NYK have acquired 25% and 20%, respectively, of the shares in the special purpose companies associated with the FPSO’s lease and operations.
SBM Offshore will remain as the operator of FPSO Almirante Tamandaré with a stake of 55%.
Currently under construction, the FPSO will be deployed at the Búzios field, offshore Brazil, under a 26.25-year lease and operating contract with Petróleo Brasileiro (Petrobras). The contract was awarded to SBM Offshore in July 2021.
Located nearly 180km off the coast of Rio de Janeiro, Almirante Tamandaré will be the sixth FPSO to be deployed at the Búzios field. It will be designed and built using SBM Offshore's Fast4Ward programme.
The vessel will incorporate the Dutch firm’s multi-purpose floater (MPF) hull combined with various standardised topsides modules and is expected to be delivered in the second half of 2024.
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