SBM Offshore confirms it has completed the transaction related to the Share Purchase Agreement announced on June 4, 2025, for the full divestment of SBM Offshore’s equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol.
SBM Offshore’s sale of its participation in the unit in Equatorial Guinea is in line with its strategy to rationalize its Lease & Operate portfolio, as per other recent transactions.
The FPSO Aseng is a large Floating Production, Storage, and Offloading vessel operating offshore Equatorial Guinea, serving the Aseng oil field and acting as a liquid hub for the region, processing oil, gas, and water, and storing hydrocarbons. Originally a tanker built in 1988, it was converted for its FPSO role and is jointly owned by SBM Offshore and GEPetrol, the state oil company.
Processes and stores oil and gas from the Aseng field; handles up to 80,000 barrels of oil, 150,000 barrels of water (injection), and 170 million standard cubic feet of gas daily, and has a storage for 1.6 million barrels of oil, including 500,000 barrels of condensate.
