MISC acquires full ownership of FPSO Kikeh

KUALA LUMPUR: In its latest effort to streamline its business activities, MISC Bhd has announced the acquisition of SBM Holdings Inc SA's 49% interest in FPSO Kikeh, as well as the divestment of its 49% stake in FPSO Espirito Santo.

In a filing with Bursa Malaysia, the group said it has inked share sale and purchase agreements to purchase SBM's 49% equity interest in Malaysian Deepwater Floating Terminal (Kikeh) Limited (MDFT) and Malaysian Deepwater Production Contractors Sdn Bhd each.