Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha will each acquire 25% and 20% ownership respectively. SBM Offshore will remain operator with the remaining share.
The FPSO is currently under construction and will be deployed on the offshore Santos Basin in Brazil under a 22-and-a-half-year lease and operate contract.
The intended Mero Unitized field is expected to come on line in 2025.
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