NIBC funds survey vessel for Offshore Merchant Partners

Corporate News -

NIBC acted as mandated lead arranger of a USD 52 million senior secured loan for Oslo-based offshore asset manager Offshore Merchant Partners (OMP), which will use it to finance the sale and leaseback of a seismic survey vessel for Petroleum Geo-Services.

OMP is backed by leading offshore investment fund HitecVision and this marks its first landmark transaction. The sale and leaseback transaction also strengthens the financial position of Petroleum Geo-Services in what is currently a challenging market.

Seismic research is the first phase of oil and gas exploration where specialised vessels scan the ocean floor for fossil fuels and Norwegian Petroleum Geo-Services is one of the world’s top three seismic research companies. OMP is buying the vessel from PGS, who will lease it back under a 10-year charter agreement.

Call me back
Please fill out your name Onderwerp is verplicht Please fill out your telephone number

Welcome to

We, NIBC Bank N.V., use functional cookies to ensure that this website works properly. We’d also like to place optional analytical cookies on your device which enable us to collect information about the use of this website, so that we can offer you an optimised website experience. You can choose not to provide your consent for the use of analytical cookies. If you do consent, you can withdraw your consent at any time. You can find more information in our Cookie Policy and our Privacy Statement.