Equatorial Guinea: SBM Offshore Divests FPSO, Ceases Operations
In 2024, SBM Offshore made a major decision. It ended all its work in Equatorial Guinea. This included giving up control of its Floating Production Storage and Offloading (FPSO) unit. The Serpentina FPSO, a vital asset in oil production, has been transferred to GEPetrol, the state-owned oil company of Equatorial Guinea.
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