SBM Offshore pronounces it has accomplished the mission financing of FPSO Jaguar for a complete of US$1.5 billion.
The mission financing was totally secured by a consortium of 16 worldwide monetary establishments. SBM expects to attract the mortgage phased over the development interval of the FPSO. The mission mortgage is in step with the period of the development part.
The FPSO Jaguar’s design relies on SBM Offshore’s Fast4Ward® program that includes their seventh new construct, multi-purpose floater hull mixed with a number of standardized topsides modules. The FPSO is designed to supply 250,000 bopd, may have related gasoline therapy capability of 540 million cu. ft. per day and water injection capability of 300,000 bpd. The FPSO will probably be unfold moored in water depth of about 1,630 meters and can be capable of retailer round 2 million bbls of crude oil.
The mission is a part of the Whiptail growth, which is the sixth growth throughout the Stabroek block, circa 200 kilometers offshore Guyana. ExxonMobil Guyana Ltd, an affiliate of ExxonMobil Company, is the operator and holds a forty five% curiosity within the Stabroek block, Hess Guyana Exploration Ltd. holds a 30% curiosity and CNOOC Petroleum Guyana Restricted, holds a 25% curiosity.
“I’m happy with our groups which have efficiently secured the mission financing of FPSO Jaguar, the Firm’s first mission underneath the sale and function mannequin,” stated Douglas Wooden, CFO of SBM Offshore. “We’re demonstrating as soon as once more the worth of our distinctive lifecycle providing not solely from an execution and operation standpoint but in addition in our skill to proceed to supply materials financing options for our purchasers. We respect the continued assist from the 16 monetary establishments.”
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