The PetroFirst Infrastructure venture is to deploy the new debt finance for two special purpose companies that will own the Petrofac-chartered mobile offshore production unit MOPU West Desaru and the Mubadala-chartered floating production, storage and offloading vessel FPF-003.
The two companies lunched the $1.25 billion joint venture in June, with First Reserve owning 80% in return for a $1 billion investment and Petrofac the balance with an investment of $250 million.
PetroFirst
