SBM Offshore has signed a US$465 million project financing for the FSO Chalchi. The financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The loans will be drawn during construction and become non-recourse after the FSO starts operations, with a maximum tenor of about 14 years post completion. FSO Chalchi is under construction and will operate under a 20-year lease and operate contract with Woodside Energy for deployment at the Trion field offshore Mexico. The newbuild FSO, based on a Suezmax-type hull with a disconnectable turret mooring system, will be moored in about 2,500 meters of water and store around 950,000 barrels of crude oil.
SBM Offshore N.V.SBM Offshore secured $465 million project financing for FSO Chalchi, supporting construction and long-term lease contract.
Woodside Energy Group Ltd