Project Financing for an Ultra-Deepwater FPSO Operation Project
Supporting Offshore Resource Development and Strengthening International Competitiveness of Japanese Industries

  • Area: Latin America and the Caribbean
  • Marine and Aerospace
  • Energy and Natural Resources
  • [Project Finance]

JBIC signed a loan agreement of project financing with Cernambi Sul MV24 B.V., a company incorporated in the Netherlands in which MODEC, Inc., Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have equity stakes, for financing a project in which a long term FPSO system (built by MODEC) chartering services (including operations and maintenance) to be offered to a consortium formed in the Netherlands by Petróleo Brasileiro S.A., a state-owned oil company in Brazil. This FPSO vessel will be deployed for developing the Cernambi South area of Brazilian offshore pre-salt oil field.


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