SBM Offshore granted $1B loan to build FPSO

摘要

An SBM Offshore joint venture has secured a loan of $1 billion for the construction of the floating production, storage and offloading (FPSO) Cidade de Paraty. The FPSO will be owned and operated by the joint venture, which comprises SBM Offshore with a 50.5% stake, QGOG with 20%, Nippon Yusen Kabushiki Kaisha with 17.5% and Itochu Corp. with 12%. The SBM joint venture has also signed a 20-year agreement with the BM S-11 consortium to charter the FPSO for the development of the Lula Nordeste field, which is located 265 km offshore Brazil in a water depth of 2,100 m. The BM S-11 consortium consists of Petrobras, which has a stake of 65%, BG Group with 25% and GALP Energia with 10%. The FPSO consists of topside facilities to process 150,000 bbp/d of production fluids, associated gas treatment for five MMcm/d and a water injection facility for 150,000 bbp/d