SBM Offshore intends to divest minority interest in FSO Chalchi

SBM Offshore has entered into a shareholders' agreement with Nippon Yusen Kabushiki Kaisha (NYK) to divest a 45% ownership interest in special purpose companies related to the FSO Chalchi lease and operation. SBM Offshore will retain 55% majority ownership. The FSO Chalchi, a Suezmax-type vessel under construction, will operate under 20-year contracts with Woodside Energy at the Trion field offshore Mexico.