NIBC Oil & Gas closes deal with OSX Brasil

A USD 850 million senior secured facility was closed with OSX Brasil S.A., a company in the multi-billion Brazilian EBX group. The facility will partly finance the construction and operation of the floating production, storage and offloading unit (FPSO), OSX-2. The FPSO will be built by SBM Offshore in Keppel Fels in Singapore and will operate in Brazil under a 20-year contract with OGX Petroleo e Gas, another company in the EBX group.