SBM Offshore has signed a take care of a consortium of 12 worldwide banks to finance the FPSO Alexandre de Gusmão undertaking. The financing within the quantity of $1.615 billion is moreover insured by three worldwide Export Credit score Companies (ECA).
The financing consists of 4 separate amenities with a ca. 6.6 p.c weighted common price of debt and a 14-year post-completion maturity for each the ECA coated amenities and the uncovered facility, the corporate mentioned.
The FPSO’s design incorporates SBM Offshore’s “trade main” Fast4Ward new construct, multi-purpose hull, SBM Offshore famous. The FPSO can have a processing capability of 180,000 barrels of oil and 12 million cubic meters of fuel per day, SBM Offshore highlighted in its assertion, including that it’s going to have an estimated greenhouse fuel (GHG) emission depth inside the vary of 8-12 kgCO2e/boe1 for the corporate’s new construct FPSOs, “benefiting from proprietary emission discount applied sciences”.
FPSO Alexandre de Gusmão is owned and operated by particular goal corporations owned by affiliated corporations of SBM Offshore (55 p.c) and its companions (45 p.c). The FPSO will likely be deployed on the Mero unitized discipline situated within the Santos Basin roughly 160 kilometers (99.4 miles) offshore Rio de Janeiro in Brazil, below a 22.5-year lease and function contract with Petróleo Brasileiro S.A. (Petrobras).
The Mero unitized discipline is operated by Petrobras (38.6 p.c), in partnership with Shell Brasil (19.3 p.c), TotalEnergies (19.3 p.c), CNPC (9.65 p.c), CNOOC (9.65 p.c) and Pré-sal Petróleo S.A. – PPSA (3.5 p.c), representing the federal government within the non-contracted space.
Financing for the FPSO Alexandre de Gusmão follows shortly after the FPSO Sepetiba, SBM Offshore’s third Fast4Ward FPSO, sailed away from the BOMESC shipyard, China, after profitable completion of the topsides integration and onshore commissioning phases.
The FPSO has commenced its transit to the Mero discipline within the Santos Basin offshore Brazil, situated 180 kilometers (111 miles) offshore Rio de Janeiro. SBM Offshore has a contract with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Sepetiba. First oil is anticipated within the second half of 2023.
The FPSO can have the capability to supply as much as 180,000 barrels of oil per day and has storage capability of 1,400,000 barrels of oil, the corporate reminded.
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