SBM OFFSHORE N.V. AND PARTNERS SIGN THE LEASE AND OPERATE CONTRACTS AND COMPLETE US$ 1 Billion FINANCING FACILITY FOR THE FPSO CIDADE DE PARATY AND BP SANCTIONS QUAD 204 TURRET
(Thomson Reuters ONE) -
1. FPSO Cidade de Paraty for Brazil pre-salt area - Contract Signature
SBM Offshore N.V. is pleased to announce that contracts for the twenty year
charter and operation of FPSO Cidade de Paraty for the Lula Nordeste development
in the pre-salt area, offshore Brazil, have been executed with BM-S-11
Consortium (65% Petrobras SA - Operator, 25% BG Group (BG E&P Brasil Ltda) and
10% GALP Energia (Petrogal Brasil Ltda). The Company together with Queiroz
Galvão Óleo e Gás S.A (QGOG) had been awarded a Letter of Intent on 28 May 2010
for this work.
The unit will be owned and operated by a Joint Venture (JV) of companies
comprising of SBM Offshore (50.5%), QGOG (20%), Nippon Yusen Kabushiki Kaisha
(NYK) (17.5%) and ITOCHU Corporation (ITOCHU) (12%).
The Lula Nordeste field is located in block BM-S-11 in the Santos basin at
approximately 265 kilometres offshore and 2,100 metres water depth. The FPSO
will include topside facilities to process 150,000 bpd of production fluids,
associated gas treatment for 5,000,000 Sm(3)/d with compression and carbon
dioxide removal and a water injection facility for 150,000 bpd.
2. FPSO Cidade de Paraty - US$ 1 Billion Loan Facility - Financial Close
SBM Offshore N.V. is pleased to announce that together with its JV partners,
QGOG, NYK and ITOCHU, a Limited Recourse Project Loan has been secured for US$
1 Billion to finance the construction of the FPSO Cidade de Paraty.
The loan will be repaid over a 10 year period starting at First Oil and benefit
from a competitive pricing package arranged on a Club Deal basis with 12
International Commercial Banks.
The Syndicate of Banks includes a Group of Bookrunners and Mandated Lead
Arrangers composed of ABN Amro, DNB-Nor, Mizuho, Natixis, SMBC, Standard
Chartered, together with ING Bank acting as Coordinator, BTMU as Facility Agent
and Rabobank as Documentation Agent and a Group of Mandated Lead Arrangers
composed of CIC, DBJ and Nordea.
3. Internal Turret Mooring System for BP for QUAD 204 FPSO
SBM Offshore is pleased to announce it has received a letter from BP Exploration
Operating Company Ltd confirming full project sanction for the supply of an
internal turret mooring system for the Quad 204 FPSO project.
The contract consists of engineering, procurement and construction of an
internal turret mooring system for the FPSO for the Quad 204 development. The
Front End Engineering and Design (FEED) phase of the project has been completed
and, with full project sanction confirmed, continues into the final engineering,
procurement and construction phase.
The turret design is a large internal mounted system with a bogie wheel bearing
arrangement, which will moor the FPSO in harsh environmental conditions. The
turret incorporates a swivel stack capable of handling a total fluid throughput
of 320,000 barrels per day and can accommodate 28 flexible and umbilical risers.
The project schedule foresees delivery of the turret in several sections to
facilitate the FPSO construction sequence during the year 2013.
Contact person: Mr. Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
Fax: (+377) 92 05 89 40
E-mail: sebastiaan.derondebresser(at)sbmoffshore.com
Website: www.sbmoffshore.com
To see the full version of this press release please click on the link below:
SBM Offshore Press Release:
http://hugin.info/130754/R/1530904/465857.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SBM Offshore N.V. via Thomson Reuters ONE
[HUG#1530904]
Unternehmensinformation / Kurzprofil:
Datum: 14.07.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 56384
Anzahl Zeichen: 4467
contact information:
Town:
Schiedam
Kategorie:
Business News
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"SBM OFFSHORE N.V. AND PARTNERS SIGN THE LEASE AND OPERATE CONTRACTS AND COMPLETE US$ 1 Billion FINANCING FACILITY FOR THE FPSO CIDADE DE PARATY AND BP SANCTIONS QUAD 204 TURRET"
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