Update: SACE commits $300 million insurance cover for SBM Brazilian FPSO

In:

Oil & gas

Region:

Americas, Europe

Jonathan Bell

Editor-in-chief

The Italian export credit agency, SACE, confirmed today that it would be providing $300 million of insurance cover related to the floating production storage and offloading unit (FPSO) Cidade de Saquarema, ultimately destined for use in Brazilian oilfields. The FPSO is being built by Dutch firm SBM.

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