FPSO Cidade de Ilhabela Consortium Closes On $1.05 Billion Loan Facility
August 6, 2012
QGOG Constellation, SBM Offshore N.V. and Mitsubishi Corporation, joint venture partners at the FPSO Cidade de Ilhabela project, announced today that they have secured a loan of USD $1.05 billion to finance the project which is being constructed in Guangzhou, China.
The loan contract, structured as a Limited Recourse Project Finance, will be repaid over a period of 10 years, starting at the first oil date, which is expected to be in September 2014. The contract will benefit from a competitive package of conditions obtained through a group of international ...
Upcoming Events
-
5/29/13Conference: DUG Bakken - focuses on the Bakken, Niobrara and oil- and liquids-rich resource plays
-
6/5/13Online: What Broadband Land Seismic Technology Means to Your Project's Success
-
6/6/13Online: Faster, More Accurate Depth Imaging and Interpretation with GPU Acceleration
-
6/17/13Conference: Energy Capital Conference: Asset Capital, Intellectual Capital & Financial Capital
-
8/27/13Conference: DUG Australia: Knowledge Transfer, Capital Solutions, Growth Opportunities & Production Monetization
Tel: +1.713.260.6400; Fax: +1.713.840.8585
Copyright© 2013 Hart Energy. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.