Europe: SBM Offshore completes $ 1.6 billion financing
September 16, 2021
SBM Offshore is pleased to announce that it has finalized the financing of the FPSO Sepetiba business for a total amount of $ 1.6 billion, which is the first funding challenge in the history of the Company.
Venture capital funding was secured by a consortium of 13 intercontinental banking institutions with an insurance plan protected by Export Credit Rating Companies (ECA): Nippon Export and Expenditure Insurance (NEXI) and SACE SpA Company (Sinosure) which intends to participate in this operation by the end of the year and will replace part of the commitments of commercial banks.
The facility is made up of 4 independent tranches with a weighted common charge of 4.3% of personal debt, a fourteen-year termination publication maturity for ECA aligned tranches and a fifteen-year termination publication maturity on the tranches. not covered.
FPSO Sepetiba is owned and operated by a separate company owned by affiliates of SBM Offshore (64.5%) and its associates (35.5%). The vessel has a processing capacity of up to 180,000 barrels of oil per working day, a water injection capacity of 250,000 barrels per day, an affiliated gasoline processing capacity of 12 million cubic meters conventional per day and a minimum storage potential of 1.4 million barrels of crude oil. The FPSO will be spread out moored at approximately 2,000 meters of water depth.
The FPSO Sepetiba will be deployed in the Mero industry in the Santos Basin off Brazil, 180 kilometers off Rio de Janeiro. The Libra block, where the Mero region is located, is under production sharing regulations to a consortium made up of Petrobras, as operator, with 40 pc, Shell Brasil with 20%, TotalEnergies with 20 pc, CNODC with 10% and CNOOC confined with 10 pc desire. The Consortium also has the participation of the state-owned company Pré-Sal Petróleo SA (PPSA), as supervisor of the Creation Sharing Contract.
The key actions of the Company are the design and style, supply, configuration, procedure and extension of the day-to-day life of floating manufacturing alternatives for the offshore electric power industry throughout the cycle. of life. The company is the market leader in rental floating production units, with various models currently in the pipeline.
As of December 31, 2020, the company employed approximately 4,570 men and women around the world, across offices in our core markets, onshore operational bases and the offshore vessel fleet.
SBM Offshore NV is a featured holding company headquartered in Amsterdam, the Netherlands. It retains immediate and indirect activities in other organizations.
Wherever references are made to SBM Offshore NV and / or its subsidiaries in the standard, or where no useful function is served in determining the particular organization or companies, “SBM Offshore” or “the Company” are sometimes used to benefit from it.
For even more information, you should visit our website at www.sbmoffshore.com.
The Board of Directors Amsterdam, the Netherlands, September 16, 2021
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For more information you should call:
Investor RelationsBert-Jaap DijkstraGroup Treasurer and IR
|Cell:||+31 () 6 21 14 10 17|
Media relationsVincent KempkesGroup Communications Director
|Cell:||+377 () 6 40 62 87 35|
This press release contains inside information in connection with Posting 7 (1) of the EU Industry Abuse Regulation. Some of the statements contained in this launch that are not historical information are statements of foreseeable future expectations and other forward-looking statements dependent on the recent views and assumptions of management and involve known and unknown dangers and uncertainties that could lead to actual end results, effectiveness, or activities to differ materially from any shown in these statements. These types of forward-looking statements are subject to several risks and uncertainties, which may cause the specific benefits and functionality of the Company of the Company to differ materially and adversely from forward-looking statements. Some of these types of forward-looking statements can be identified by the use of forward-looking terms such as “believes”, “may”, “will”, “should”, “would”, “expects” or “plans” ” or related expressions, or their negative, or other versions thereof, or equivalent terminology, or by conversations of technique, ideas or intentions. As the need for one or more of these dangers or uncertainties materializes, or the need to verify incorrect fundamental assumptions, actual benefits may fluctuate materially from those described in this release, as expected, considered, or contemplated. SBM Offshore NV does not intend, and does not assume any obligation, to update the commercial facts or the statements of vigilance established in this launch to reproduce subsequent activities or situations. Nothing in this press release should be construed as a gift to give, or a solicitation to give to buy, securities.
- SBM Offshore Completes US $ 1.6 Billion Financing for Sepetiba
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- Title: SBM Offshore Completes $ 1.6 Billion Financing
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