Project cutbacks and delays have impacted the leading leaser of floating production, storage and offloading facilities.

"A continuously challenging macro environment has impacted the turnkey segment as clients postpone investment decisions," SBM CEO Bruno Chabas said in first quarter trading update last week.

"The lease and operate segment continues to perform, as it is unaffected by oil price fluctuations and generates healthy and growing cash flows."

SBM could also face more legal fallout relating to Petrobras' contractor kickback and corruption scandals in Brazil.

"The company continues to work closely with Brazilian authorities with the objective to close out the compliance case," Chabas said.