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

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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.

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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.

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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

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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

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