Dutch floater expert SBM Offshore announces it has signed a sale and leaseback financing agreement for one of its FPSOs. SBM Offshore said that the FPSO Cidade de Paraty was sold for the total amount of $400m. The deal included a tenor of eight years. The transaction is expected to be completed before the end of April 2025, following the fulfillment of certain closing conditions. The FPSO is owned by a special purpose company owned by affiliated companies of SBM Offshore (63.125%) and its partners (36.875%). Under the terms of the agreement, the special purpose company will transfer the ownership to four Chinese leasing companies. The Dutch firm and its partners will continue to operate and maintain the asset until the end of the initial charter and operate contracts for the remaining period of 8.5 years. The unit went on stream in July 2013. It is operating on the Lula Nordeste field in the Santos Basin under a 20-year lease. The FPSO can process up to 120,000 bopd and 5m cu m per day of gas. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsBrazil China Netherlands