SBM Offshore has unconditionally sold GustoMSC, its non-core design and engineering subsidiary. The approximate $185 million transaction with Parcom Capital was completed on 28 November.
The sale of GustoMSC is a further step in enabling SBM Offshore to pursue its FPSO-driven strategy, allowing its Dutch execution centre in Schiedam to focus exclusively on FPSOs and FPSO-related products. Over the years this centre has designed many FPSOs for the Brazilian market, notably with the ground-breaking FPSO Espadarte in 2000.
Paraty and Ilhabela
Over the last decade it has developed into a fully equipped execution centre with approximately 550 staff, with capacity to design two FPSO projects simultaneously. The FPSO projects Paraty and Ilhabela, both for client Petrobras, are currently being designed out of the SBM Schiedam office.
Picture: FPSO Cidade de Ilhabela (by SBM Offshore)
