Natixis funds two offshore floating production facilities

Natixis has closed an underwriting mandate for a $225-million six-year facility to finance two floating production facilities for PetroFirst Infrastructure Ltd., a joint venture between First Reserve (80%) and Petrofac Ltd. (20%).

Offshore staff

PARIS – Natixis has closed an underwriting mandate for a $225-million six-year facility to finance two floating production facilities for PetroFirst Infrastructure Ltd., a joint venture between First Reserve (80%) and Petrofac Ltd. (20%).  

The $1.25 billion joint venture, announced on June 26, will deploy capital both in purchasing a number of existing assets from Petrofac’s Integrated Energy Services (IES) division, as well as in new energy infrastructure projects that use Petrofac’s development capability.

The new debt facilities have been provided to two special-purpose companies, one holding a mobile offshore production unit (MOPU)West Desaru, chartered to Petrofac Group, and the other holding FPSO facility FPF-003, chartered to Mubadala Group.

09/23/2014

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