Odebrecht Oil & Gas announced the signing of a 10 year loan, with 7 undisclosed financial institutions, for U$804 million. The purpose of the loan is to build an FPSO for the pre salt Libra field operated by Petrobras. The lease contract was signed shortly after the Libra auction and the vessel is being built by Jurong shipyard in Singapore, the same shipyard that built FPSO Cidade de Itajai also owned by Odebrecht and partners and contracteed to Petrobras.
The lease contract is for 10 years same as the maturity of the loan.
Brazil Energy Insight 
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