SBM Offshore has agreed to the sale and transfer of GustoMSC to private equity group Parcom Capital for a consideration of approximately $185 million, to be paid in cash at closing. The sale is a first step in the divestment of some $400 million worth of non-core assets announced this summer. SBM Offshore CEO Bruno Chabas said the deal would allow his company to ‘release substantial capital and focus exclusively on FPSOs, and associated products and services, in line with strategy’.