Offshore staff
MONACO – SBM Offshore has raised the largest project financing in its history, $1.61 billion, for the FPSO Sepetiba.
The vessel will be deployed at the Petrobras-operated Mero field in the Libra block in the deepwater Santos basin, 180 km (112 mi) offshore Rio de Janeiro.
It is owned and operated by a special purpose company, in turn owned by affiliated companies of SBM Offshore (64.5%) and its partners (35.5%).
The vessel will have a processing capacity of up to 180,000 b/d of oil, water injection capacity of 250,000 b/d, associated gas treatment of 12 MMcm/d, and a minimum crude storage capacity of 1.4 MMbbl. It will be spread moored in around 2,000 m (6,562 ft) water depth.
SBM secured the support from a consortium of 13 international banks with insurance cover from Export Credit Agencies: Nippon Export and Investment Insurance and SACE.
China Export & Credit Insurance Corporation (Sinosure) also intends to join the transaction by the end of the year, replacing part of the commercial banks’ commitments.
09/16/2021
