Image by Matt Hardy

Client: MUFG and Citi

Region: Brazil

FPSO Cidade de Ilhabella

Global Coordinator’s Technical Adviser, completing technical due diligence for a bond refinancing of the FPSO.

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Global Coordinator’s Technical Adviser, completing technical due diligence for a bond refinancing of the FPSO.


Scope included:

· Technical review of FPSO development phase, and FPSO design with current operating conditions;

· Review of track record of commercial uptime, oil, gas and water production uptime, within the lease operate contractual framework;

· Assessment of operations management structure and systems, together with maintenance management, back-log, and associated OPEX budget expenditure and planning;

· Assessment of material downtime events and maintenance shut down strategy to develop inputs into financing model by others;

· Responding to ratings agency and potential investor questions and requests for clarification on the FPSO operations.

Global Coordinator’s Technical Adviser, completing technical due diligence for a bond refinancing of the FPSO.


Scope included:

· Technical review of FPSO development phase, and FPSO design with current operating conditions;

· Review of track record of commercial uptime, oil, gas and water production uptime, within the lease operate contractual framework;

· Assessment of operations management structure and systems, together with maintenance management, back-log, and associated OPEX budget expenditure and planning;

· Assessment of material downtime events and maintenance shut down strategy to develop inputs into financing model by others;

· Responding to ratings agency and potential investor questions and requests for clarification on the FPSO operations.