Petrobras has inked an agreement with Japan’s export credit agency to provide up to US $500 million to fund up to 12 FPSOs. The deal with Nippon Export and Investment Insurance (NEXI) guarantees the loan, which covers pre-salt Santos Basin projects: Eight of these FPSOs (the P-66, P-67, P-68, P-69, P-70, P-71, P-72 and P-73), are for blocks BM-S-9 and BM-S-11. The other four units, P-74, P-75, P-76 and P-77, are designated for other license areas.
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