(Offshore-energy.biz) Dutch FPSO operator SBM Offshore has officially named a floating production, storage, and offloading (FPSO) vessel destined to work at a giant field off the coast of Brazil for the country’s state-owned energy heavyweight, Petrobras.
After obtaining a binding letter of intent (LoI) in February 2021, SBM Offshore inked contracts with Petrobras for the 26.25-year lease and operation of the FPSO Almirante Tamandaré in July 2021. The firm secured a $635 million bridge loan facility for the financing of the construction of the FPSO in September 2021. At the start of 2022, the company sold a minority stake in the vessel to two Japanese companies.
In March 2023, the Dutch player completed the FPSO’s project financing with a total of $1.63 billion obtained from a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA). The floating unit owner previously described the vessel as the largest oil-producing unit operating offshore Brazil and one of the largest in the world.
Read complete article: https://www.offshore-energy.biz/sbm-offshore-holds-naming-ceremony-for-huge-brazil-bound-fpso-gallery/
Brazil Energy Insight 
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