However, it could be six months before the unit starts operations at the Lula oilfield operated by Petrobras in the pre-salt province off Brazil.
In late July, SBM earned a credit line of $1.55 billion for financing Cidade de Saquarema from a consortium of 16 international banks with insurance cover from four Export Credit Agencies.
The Cidade de Saquarema is owned and operated by a consortium owned by affiliates of SBM Offshore, Mitsubishi Corporation, Nippon Yusen Kabushiki Kaisha and Queiroz Galvao Oil & Gas.
