Floating production giant SBM Offshore said it has divested an interest in an FPSO bound for the Buzios oilfield offshore Brazil, with long-standing Japanese partners increasing their interest in the unit.

SBM said Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha have acquired a 25% and 20% equity interest,respectively, in the special purpose company responsible for the lease and operation of the Almirante Tamandare floating production, storage and offloading vessel.