[Brazil] Lula Nordeste (fka. Tupi 2) - FPSO Cidade de Paraty

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escveritas
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[Brazil] Lula Nordeste (fka. Tupi 2) - FPSO Cidade de Paraty

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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

14 July 2011

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 Sm3 /d with compression and carbon dioxide removal and a water injection facility for 150,000 bpd.

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 FPSOCidade 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.
escveritas
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Posts: 3181
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Re: [Brazil] Lula Nordeste (fka. Tupi 2) - FPSO Cidade de Paraty

Unread post by escveritas »

SBM Offshore starts oil production on FPSO Cidade de Paraty
11 Jun 2013

FPSO Cidade de Paraty on hire

SBM Offshore is pleased to announce FPSO Cidade de Paraty is formally on hire since 7 June 2013, following full systems acceptance by our client and continues to ramp up oil production.

The facility has been constructed in 34 months from Letter of Intent in June 2010, in line with expectations and meets the local content requirements for Brazilian FPSOs. The FPSO will operate under twenty year charter and operate contract on the Lula Nordeste development in the pre-salt area, offshore Brazil.

The Lula field is located in block BM-S-11 in the Santos basin at approximately 300 kilometres offshore and 2,100 metres water depth. FPSO Cidade de Paraty is a new generation 3 FPSO and has installed topside facilities with a weight of around 14,000 tons to process 120,000 bpd of oil, associated gas treatment for 5,000,000 Sm3/d with compression and carbon dioxide removal and a water injection facility for 150,000 bpd.

The unit is owned and operated by a consortium of affiliated companies of SBM Offshore, QGOG, Nippon Yusen Kabushiki Kaisha (NYK), and ITOCHU Corporation (ITOCHU).
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