SBM Offshore, Solstad Offshore form JV
Analysis based on 9 articles · First reported Jun 01, 2026 · Last updated Jun 01, 2026
The formation of this joint venture and the order of a new deepwater installation vessel by SBM Offshore and Solstad Offshore are expected to positively impact their respective stock prices due to enhanced capabilities and improved delivery reliability. This strategic move strengthens their positions in the ocean infrastructure market, potentially leading to increased project wins and predictable cash flows.
SBM Offshore and Solstad Offshore have established a joint venture to order a new-build, next-generation multi-purpose deepwater installation and construction vessel, with delivery targeted for the first half of 2029. SBM Offshore will hold a 49.9% interest, while Solstad Offshore will hold 50.1%, with Solstad Offshore acting as the ship manager. The vessel is designed to support the installation of ocean infrastructure, including FPSOs, and aims to enhance SBM Offshore's full lifecycle EPCIO offering, reduce execution risk for clients, and improve predictability of schedules and costs. This partnership leverages the operational success of Normand Installer and combines the expertise of both companies in offshore support vessel operations and installation.
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