Natixis funds two offshore floating production facilities

Offshore staff

PARIS – Natixis has closed an underwriting mandate for a $225-million six-year facility to finance two floating production facilities for PetroFirst Infrastructure Ltd., a joint venture between First Reserve (80%) and Petrofac Ltd. (20%).  

The $1.25 billion joint venture, announced on June 26, will deploy capital both in purchasing a number of existing assets from Petrofac’s Integrated Energy Services (IES) division, as well as in new energy infrastructure projects that use Petrofac’s development capability.  

The new debt facilities have been provided to two special-purpose companies, one holding a mobile offshore production unit (MOPU) West Desaru, chartered to Petrofac Group, and the other holding FPSO facility FPF-003, chartered to Mubadala Group.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...