Na costa de São Paulo, Karoon e Shell assinam contrato de petróleo

Through FPSO Cidade de Itajaí, Karoon and Shell Sign Contract to Market and Export Oil from Baúna

Written by Paulo Nogueira

Published on 21/10/2019 at 06:45

FPSO Cidade de Itajaí – Foto divulgação

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Karoon Energy Signed A Marketing Contract With Shell West, A Member Of The Royal Dutch Shell Group, To Market And Transport Crude Oil Production From The Baúna Field, Located Offshore Brazil.

The Baúna field, located in the Santos Basin off the coast of São Paulo state, began operations in February 2013 and currently produces about 20,000 barrels of oil per day through the FPSO Cidade de Itajaí.

The marketing contract has a duration of up to five years and provides Karoon access to Shell West’s global marketing and shipping platform, according to Karoon’s statement on Monday, October 21. As part of the marketing contract negotiations, Karoon and Shell West have now agreed on the terms, and Shell West has obtained internal credit approval for a US$ 50 million term loan at the business level of Karoon in Australia. This loan facility is intended to be used as a backup working capital line.

Karoon will now seek to finalize the loan facility documents on standard commercial terms.

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Through FPSO Cidade de Itajaí, Karoon and Shell Sign Contract to Market and Export Oil from Baúna

Karoon Energy Signed A Marketing Contract With Shell West, A Member Of The Royal Dutch Shell Group, To Market And Transport Crude Oil Production From The Baúna Field, Located Offshore Brazil.

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Through FPSO Cidade de Itajaí, Karoon and Shell Sign Contract to Market and Export Oil from Baúna

Karoon Energy Signed A Marketing Contract With Shell West, A Member Of The Royal Dutch Shell Group, To Market And Transport Crude Oil Production From The Baúna Field, Located Offshore Brazil.

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