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SBM Offshore to Sell 45% Stake in Woodside Energy-leased Vessel Chalchi

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SBM Offshore (SBMO.AS) said Thursday it agreed to sell a 45% ownership interest in the floating storage and offloading vessel Chalchi to Nippon Yusen Kabushiki Kaisha.

The transaction will involve the transfer of interest in special-purpose companies overseeing the lease and operation of the vessel, with the Dutch offshore floating production company to retain a 55% ownership interest. Completion is subject to preceding conditions, including approvals.

Still under construction, the Chalchi vessel will be subject to 20-year lease-and-operate contracts in Mexico with a local affiliate of Australian petroleum exploration and production company Woodside Energy (WOP.F). The vessel has the capacity to store 950,000 barrels of crude oil.

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