Brazil Again! – Project Finance Award

With the discovery of pre-salt oil and the subsequent increasing importance of Brazil as an oil producer, Brazil and project financing have become synonymous. The assets, whether drilling rigs, FPSOs or offshore supply vessels, are expensive and in great demand there and, in some cases beyond the capacity of the local contractors. Project financing solves that problem by combining asset-based financing with a hell or high water contract that provides the contracted cash flows which will repay the debt.

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