SBM Offshore divests FSO Chalchi stake
Analysis based on 8 articles · First reported Jun 04, 2026 · Last updated Jun 04, 2026
The divestment by SBM Offshore to Nippon Yusen for the FSO Chalchi project is expected to positively impact both companies by sharing capital investment and operational risks. This transaction also highlights continued investment in deepwater oil and gas infrastructure, which could signal stability in the energy sector.
SBM Offshore has entered into a shareholders' agreement with Nippon Yusen (NYK) to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the FSO Chalchi. SBM Offshore will retain a 55% majority stake. The FSO Chalchi, currently under construction, will be operated under 20-year lease and operate contracts with Woodside Energy through its Mexican affiliate. It will be deployed at the Trion field, located off the Mexican coastline, which is a joint venture between Woodside Energy (60% operator) and Mexican state — Pemex (40% non-operator). The FSO is designed to store approximately 950,000 barrels of crude oil.
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