Mero 2 Oil Field - Sepetiba FPSO Project - Financing

Borrower (s)

Mero 2 Owning B.V .

Industry

Oil & gas/Oil - Upstream (Exploration and production)

Area of finance

Project & Infrastructure Finance

Region

Latin America

Countries

Brazil

Deal Overview

Dutch FPSO specialist SBM Offshore has completed the project financing of the floating production storage and offloading (FPSO) unit Sepetiba for a total of $1.6bn, the largest project financing in the company’s history. FPSO Sepetiba is owned and operated by a special purpose company...

FPSO Sepetiba is owned and operated by a special purpose company owned by affiliated companies of SBM Offshore 64.5% and its partners 35.5%. The vessel will be deployed at the Mero field in the Santos Basin offshore Brazil, 180 km offshore Rio de Janeiro.

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Deal Volume

$1.6bn

Financial Close

28 September 2021

Sources

Proximo article, Submitted by participant(s), TXF article

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