JBIC approves US$252mn loan for Petrobras vessel
The Japan Bank for International Cooperation (JBIC) has approved a US$252mn loan to finance the construction of a floating production, storage and offloading (FPSO) vessel for Brazil's state-run oil company Petrobras.
The unit will be built by TarmV29, a joint venture between engineering firms Mitsui, Modec and Marubeni, JBIC said in a statement.
Sumitomo Mitsui Banking Corporation will coordinate and co-finance the transaction along with a consortium of 11 other lenders. The total co-financing amount is about US$1.26bn.
The FPSO will have daily production capacity of 150,000b of crude oil and 176Mf3 (4.98Mm3) of natural gas. It will also store about 1,600b of oil.
JBIC did not say when the FPSO would be delivered.
TarmV29 will provide charter services to Petrobras for 20 years at the Campos basin's Tartaruga Verde and Tartaruga Mestiça fields, off Brazil's southeast coast.
Both fields are located in the pre-salt layer, up to 7km below the Atlantic's surface.
The bank said the FPSO would be the ninth vessel of its type to be chartered to Petrobras by Modec.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Brazil)
Petrobras sells offshore assets, starts reactivation of fertilizer plant
The announcements involve the Brazilian oil firm's Cherne and Bagre fields and the Araucária Nitrogenados unit.
Why Wärtsilä is optimistic about the Brazilian market
BNamericas spoke to the company's Brazil energy business director, Jorge Alcaide.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Brazil)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Block C-M-825
- Current stage:
- Updated:
1 week ago
- Project: Block CAL-M-372
- Current stage:
- Updated:
7 days ago
- Project: Goiá field (ex Kangaroo)
- Current stage:
- Updated:
6 days ago
- Project: FPSO Albacora
- Current stage:
- Updated:
1 week ago
- Project: Block CE-M-715
- Current stage:
- Updated:
1 week ago
- Project: Field Araçás Leste
- Current stage:
- Updated:
1 week ago
- Project: Block SEAL-M-573
- Current stage:
- Updated:
1 week ago
- Project: Block ES-M-673
- Current stage:
- Updated:
1 week ago
- Project: Block ES-M-598
- Current stage:
- Updated:
1 week ago
- Project: Enchova field
- Current stage:
- Updated:
1 week ago
Other companies in: Oil & Gas (Brazil)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Topsoe do Brasil Tecnologia e Serviços em Catalisadores Eireli
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Sotreq S.A. (Grupo Sotreq)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Vast Infraestrutura S.A. (Vast Infraestrutura)
-
We are a company dedicated to offering infrastructure and logistics solutions for the safe, clean, efficient and sustainable movement of liquids for the energy market.
- Company: Engecampo Engenharia Industrial (Engecampo)
-
The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
- Company: Geosea Investigações Geotécnicas
- Company: Catavento Consultoria
- Company: Vopak Brasil S.A. (Vopak Brasil)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Yokogawa América do Sul Ltda. (YSA)
-
Yokogawa América do Sul (YSA) is the Brazilian subsidiary of the Japanese company Yokogawa Electric Corporation which provides services, manufacturing and sale of advanced techn...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
