By Stella Goh

MISC has bagged a deal with Petroleo Brasileiro SA (Petrobras) to provide a floating production storage and offloading (FPSO) facility and operation and maintenance services to the Brazilian oil and gas giant. The FPSO facility, known as Mero 3 FPSO, is located offshore from Rio de Janeiro in the Libra block, Santos Basin, Brazil.

The international energy-related maritime solutions and services provider accepted the letter of intent that sets the term of the charter at 22.5 years from the date of final acceptances of the Mero 3 FPSO, expected to be commence its operation in the first half of FY2024, by Petrobras. According to MISC President and Group Chief Executive Officer Yee Yang Chien, they have been using of two years of journey towards securing their first deep-water FPSO project in Brazil.

The Mero oil field is owned by the Libra Consortium, which is led by Petrobras with a 40% interest in partnership with Shell Brasil Petróleo Ltda, Total E&P do Brasil Ltda, CNODC Brasil Petróleo e Gás Ltda, CNOOC Petroleum Brasil Ltda and Empresa Brasileira de Administração de Petróleo e Gás Natural SA — Pré-Sal Petróleo SA.

The risk factors affecting the deal include changes in economic, political and regulatory environment, and operational risks, which are adequately mitigated by the terms and conditions of the contracts.

Join us now in stockpick2u and we will share our views on the company and details of shareholders’ meeting.

-------------------------------------------------------------

Stockpick2u
https://www.stockpick2u.com/plans-pricing
 

Please contact us：
012-6644 828

WhatsApp link:
https://bit.ly/33pEKcS

Website: www.stockpick2u.com

Facebook: https://www.facebook.com/stockpick2u/?ref=bookmarks

Services: General Meeting Information, Company Fundamentals Sharing

Disclaimer:

The above data are purely based on personal views. The content above does not contain any trading advice, and only can be used as learning and information purposes. Please analyze by yourself, understand the risks, and discuss the nature of investment with professional financial advisors.

Stockpick2u is not responsible for any accuracy, completeness, correctness, validity of any shared content and opinion. All misunderstandings, errors, omissions, delays in information are not responsible for any loss incurred.