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SBM Offshore secures $465M financing for FSO Chalchi to support 20-year lease with Woodside Energy.

Company Fundamentals
29 Jun 2026
GlobeNewsWire
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Bullish
pluang ai news

SBM Offshore has finalized a $465 million project financing deal for the construction of the FSO Chalchi, backed by a consortium of international banks and institutional investors, including insurance from China Export & Credit Insurance Corporation. The financing will be drawn during construction and becomes non-recourse once the FSO begins operations, with loans lasting about 14 years post-completion. The FSO Chalchi, designed with a Suezmax-type hull and advanced mooring system, will store 950,000 barrels of crude oil and operate under a 20-year lease with Woodside Energy at the Trion field off Mexico's coast. This deal highlights SBM Offshore's capability to deliver innovative, long-term funding solutions for deepwater projects.

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Bavarian Nordic repurchases shares worth DKK 83 million under buy-back program.

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Bavarian Nordic repurchases shares worth DKK 83 million under buy-back program.

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