Yinson Production Prepares to Issue $1.17 Billion to Refinance FPSO Maria Quitéria in the Brazilian Pre-Salt

Written by Andriely Medeiros de Araújo

Published on 02/07/2025 at 12:53

Yinson Production lança emissão de US$ 1,17 bilhão para refinanciar o FPSO Maria Quitéria, que opera no campo de petróleo de Jubarte, em parceria com a Petrobras. Fonte: Yinson

Be the first to react!

Yinson Production Launches US$ 1.17 Billion Issue to Refinance the FPSO Maria Quitéria, Operating in the Jubarte Oil Field in Partnership with Petrobras.

Yinson Production Advances in Billion-Dollar Operation to Refinance FPSO in Campos Basin
A Yinson Production, a subsidiary of Malaysian Yinson, is about to complete a US$ 1.17 billion bond issue to refinance the FPSO Maria Quitéria, currently operating in the Jubarte field in the Campos Basin, Brazil.

The operation’s settlement is scheduled for July 7, 2025, with the participation of major global financial institutions such as Citigroup, JP Morgan, HSBC, ING, Santander, and Standard Chartered.

The refinancing aims to ensure greater liquidity and financial stability for the operation of the FPSO, contracted by Petrobras under a long-term agreement. The Maria Quitéria has been operating in the pre-salt since October 2024 and represents one of the most important oil production infrastructures in the country.

ARTICLE CONTINUES BELOW

FPSO Maria Quitéria Is a Powerhouse in Oil Production in the Pre-Salt

With a length of 333 meters and a height of 156 meters, the FPSO Maria Quitéria has the capacity to produce up to 100,000 barrels of oil per day and process 5 million cubic meters of gas.

The floating unit operates in the Jubarte field, which is part of the Whale Park, a strategic project of Petrobras on the coast of Espírito Santo.

This FPSO is owned by Yinson Bergenia Production, another subsidiary of the Malaysian company, which maintains a fixed-rate charter contract for 22.5 years, valued at US$ 5 billion. This structure is essential for the ongoing development of oil production in the region.

Long-Term Bonds Show Confidence in Offshore Oil Sector

The new bond will have a final maturity of 19.6 years, reflecting investors’ confidence in long-term assets in the offshore oil sector.

The structure follows a similar model to the issue previously carried out for the FPSO Anna Nery, operated by Yinson Boronia Production, also in partnership with Petrobras.

This new financial operation comes shortly after Yinson Production completed another fundraising of US$ 1 billion, with the possibility of expanding to up to US$ 1.5 billion through the issuance of convertible preferred shares.

Robust Fleet and Bet on Sustainable FPSOs Thanks to Yinson Production

Currently, Yinson Production has an order backlog of US$ 19 billion until 2048 and a fleet composed of ten FPSO units.

The company has been heavily investing in innovation, highlighting the development of the Zero Emissions FPSO concept, aligned with global decarbonization targets in the energy sector.

With this bond issue, the company strengthens its presence in the Brazilian market and reaffirms its commitment to sustainable and financially sound solutions for offshore oil production.

Source

0 Comments

most recent

older Most voted

Yinson Production Prepares to Issue $1.17 Billion to Refinance FPSO Maria Quitéria in the Brazilian Pre-Salt

Yinson Production Launches US$ 1.17 Billion Issue to Refinance the FPSO Maria Quitéria, Operating in the Jubarte Oil Field in Partnership with Petrobras.

FPSO Maria Quitéria Is a Powerhouse in Oil Production in the Pre-Salt

Long-Term Bonds Show Confidence in Offshore Oil Sector

Robust Fleet and Bet on Sustainable FPSOs Thanks to Yinson Production

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

Drivers with licenses nearing expiration received an unexpected reprieve on the calendar, but the Contran extension only applies to those within specific dates.

Embrapa takes cashew, peanuts, and sesame to the world’s largest seed bank in Norway, where Brazil has already stored more than 8,000 samples since 2012 against pests and climate change.

China prepares mBridge, a new digital payment system with blockchain that promises transactions in seconds, lower fees, and the advancement of the digital renminbi while aiming to reduce dependence on the dollar in global trade.

Norway will excavate 3 million cubic meters of rock to open a 1,700-meter maritime tunnel, where ships will pass through a mountain in 10 minutes, escaping a stretch that has killed more than 30 people since 1900.

São Paulo accelerates basic sanitation with R$ 70 billion until 2029, expands treated water, sewage, and promises to advance universalization four years ahead of the national deadline.

Yinson Production Prepares to Issue $1.17 Billion to Refinance FPSO Maria Quitéria in the Brazilian Pre-Salt

Yinson Production Launches US$ 1.17 Billion Issue to Refinance the FPSO Maria Quitéria, Operating in the Jubarte Oil Field in Partnership with Petrobras.

FPSO Maria Quitéria Is a Powerhouse in Oil Production in the Pre-Salt

Long-Term Bonds Show Confidence in Offshore Oil Sector

Robust Fleet and Bet on Sustainable FPSOs Thanks to Yinson Production

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago

More than 40 Petrobras platforms enter the decommissioning queue and open up a billion-dollar industry in Brazil for cranes, special ships, underwater cutting, and offshore recycling.

ANP schedules oil auctions in October and reinforces regulatory predictability for concessions, sharing, and investments in the oil and gas sector

There is oil below the oil that Brazil already extracts: Petrobras confirmed a new accumulation in the Búzios field, at a depth of 5,600 meters, in a zone below the reservoir already operating in the Santos Basin.

Drivers with licenses nearing expiration received an unexpected reprieve on the calendar, but the Contran extension only applies to those within specific dates.

Embrapa takes cashew, peanuts, and sesame to the world’s largest seed bank in Norway, where Brazil has already stored more than 8,000 samples since 2012 against pests and climate change.

China prepares mBridge, a new digital payment system with blockchain that promises transactions in seconds, lower fees, and the advancement of the digital renminbi while aiming to reduce dependence on the dollar in global trade.

Norway will excavate 3 million cubic meters of rock to open a 1,700-meter maritime tunnel, where ships will pass through a mountain in 10 minutes, escaping a stretch that has killed more than 30 people since 1900.

São Paulo accelerates basic sanitation with R$ 70 billion until 2029, expands treated water, sewage, and promises to advance universalization four years ahead of the national deadline.