Dutch maritime engineering group SBM Offshore said on Friday it had agreed for South Korea's DSME to buy a 30 percent stake in a joint venture to provide offshore oil services in Angola.
Daewoo Shipbuilding & Marine Engineering (DSME) will take a 30 percent stake in the Paenal yard venture, created in 2007 by Angola's state oil firm Sonangol and SBM to provide facilities and other services for Angola's oil and gas industries.
The firm did not disclose the monetary value of the deal in Africa's top oil producing country.
SBM, which builds and operates floating production, storage and offloading platforms for oil companies, said it will hold a 30 percent stake in the joint venture, DSME 30 percent and Sonagol 40 percent.
Daewoo Shipbuilding & Marine Engineering (DSME) will take a 30 percent stake in the Paenal yard venture, created in 2007 by Angola's state oil firm Sonangol and SBM to provide facilities and other services for Angola's oil and gas industries.
The firm did not disclose the monetary value of the deal in Africa's top oil producing country.
SBM, which builds and operates floating production, storage and offloading platforms for oil companies, said it will hold a 30 percent stake in the joint venture, DSME 30 percent and Sonagol 40 percent.