Finance in place for Mero Field FPSO

Offshore staff

MONACO — SBM Offshore secured $1.615 billion of project financing with 12 international banks for the FPSO Alexandre de Gusmão, with insurance cover from three international Export Credit Agencies.

The FPSO, which will incorporate SBM’s Fast4Ward newbuild, multi-purpose hull, will operate on the Petrobras-operated Mero Field 160 km from Rio de Janeiro in the presalt Santos Basin offshore Brazil.

It will have a processing capacity of 180,000 bbl/d of oil and 12 MMcm/d of gas, and a greenhouse-gas emission intensity within the range of 8-12 kgCO₂e/boe, supported by the company’s proprietary emission reduction technologies.

Earlier this week, SBM Offshore’s third Fast4Ward-design FPSO, Sepetiba, departed the BOMESC shipyard in China for Brazil, after completion of the topsides integration and onshore commissioning phases. The vessel is heading to the deepwater Mero Field, where it will operate for a consortium headed by Petrobras.

06.21.2023