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Article: Brazil : Brazil s Odebrecht Secures $1.5 Billion For Deep Sea Drilling Vessels.
- Article from:
- TendersInfo
- Article date:
- October 10, 2009
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Brazilian construction conglomerate Odebrecht Oil and Gas said Friday that it has secured a $1.5 billion loan for its two deep sea drilling vessels.
Odebrecht said that it will invest a total of $1.7 billion in the two vessels, which drill for oil and gas along with Brazil oil company Petrobras (PBR) off the East Coast.
The $1.5 billion project finance loan comes from 12 banks and two export credit agencies including Banco Santander, Societe ...