SBM Offshore completes US$1.63 billion financing of Almirante Tamandaré
31 Mars 2023 - 7:25PM
March 31, 2023
SBM Offshore is pleased to announce it has
signed the project financing of FPSO Almirante Tamandaré for a
total of US$1.63 billion.
The project financing is provided by a
consortium of 13 international banks with insurance cover from 4
international Export Credit Agencies (ECA). The financing is
composed of five separate facilities with a ca. 6.3% weighted
average cost of debt and a 14-year post-completion maturity for
both the ECA covered facilities and the uncovered facility.
The FPSO’s design incorporates SBM Offshore’s
industry leading Fast4Ward® new build, multi-purpose hull. It will
be the largest oil producing unit in Brazil with a processing
capacity of 225,000 barrels of oil and 12 million m3 of gas per
day. The FPSO will have an estimated greenhouse gas (GHG) emission
intensity below 10 kgCO2e/boe1 and will benefit from emission
reduction technologies such as the closed flare technology which
increases gas utilization, preventing it from being burnt into the
atmosphere.
FPSO Almirante Tamandaré is owned and operated
by a special purpose company owned by affiliated companies of SBM
Offshore (55%) and its partners (45%). The FPSO will be deployed at
the Búzios field in the Santos Basin approximately 180 kilometers
offshore Rio de Janeiro in Brazil, under a 26.25-year lease and
operate contract with Petróleo Brasileiro S.A. (Petrobras).
Petrobras is operating the Búzios field in partnership with CNODC
and CNOOC.
Corporate Profile
SBM Offshore designs, builds, installs and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for renewable energy sources.
More than 7,000 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable and
affordable energy from the oceans for generations to come.
For further information, please visit our
website at www.sbmoffshore.com.
Financial Calendar |
Date |
Year |
Annual General Meeting |
April 13 |
2023 |
First Quarter 2023 Trading Update |
May 11 |
2023 |
Half Year 2023 Earnings |
August 10 |
2023 |
Third Quarter 2023 Trading Update |
November 9 |
2023 |
Full Year 2023 Earnings |
February 29 |
2024 |
For further information, please contact:
Investor RelationsLudovic
RobinoInvestor Relations Manager
Mobile: |
+31 (0) 6 15 16 50 35 |
E-mail: |
ludovic.robino@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsEvelyn Tachau
BrownGroup Communications & Change Director
Mobile: |
+377 (0) 6 40 62 30 34 |
E-mail: |
evelyn.tachau-brown@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Market Abuse Regulation
This press release may contain inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
Disclaimer
Some of the statements contained in this release
that are not historical facts are statements of future expectations
and other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. These
statements may be identified by words such as ‘expect’, ‘should’,
‘could’, ‘shall’ and similar expressions. Such forward-looking
statements are subject to various risks and uncertainties. The
principal risks which could affect the future operations of SBM
Offshore N.V. are described in the ‘Risk Management’ section of the
2022 Annual Report.
Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results and performance of the Company’s business
may vary materially and adversely from the forward-looking
statements described in this release. SBM Offshore does not intend
and does not assume any obligation to update any industry
information or forward-looking statements set forth in this release
to reflect new information, subsequent events or otherwise.
Nothing in this release shall be deemed an offer
to sell, or a solicitation of an offer to buy, any securities. The
companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate legal entities. In this release “SBM
Offshore” and “SBM” are sometimes used for convenience where
references are made to SBM Offshore N.V. and its subsidiaries in
general. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”,
“emissionZERO®” and “Float4Wind®” are proprietary marks owned by
SBM Offshore.
1 Calculated based on nameplate capacity
- SBM Offshore completes US$1.63 billion financing of Almirante
Tamandaré
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