Last Tuesday, SBM Offshore announced the acquisition from Sonangol of stakes in 3 FPSOs operated as part of their joint venture.

Sonangol is a public oil company in Angola that operates several floating production, storage and unloading platforms (FPSOs), as part of the country's black gold production. For its part, SBM Offshore style="font-family: "Bookman Old Style”, "serif"> is a multinational company specialized in the supply of floating production, storage and unloading units (FPSOs). The transfer concerns the N'Goma, Saxi Batuque and Mondo FPSOs. SBM Offshore acquired 30% of the 50% interest that Sonangol held until now. It also offered itself a 10% stake in the state-owned enterprise in the 2nd and 3rd. The transaction allows SBM Offshore style="font-family: "Bookman Old Style”, "serif"> to increase its stake in the N'Goma FPSO to 80% while it is now the sole owner of the Saxi FPSOs. Batuque and Mondo. SBM reported that “the total net amount paid é to Sonangol for the acquisition of a stake in the acquired entities, including the sale of the parent company of the Paenal Shipyard, is approximately $40 million.