23.11.2016, 16:59
Sovcomflot signs MOU with Sberbank on new USD 180 million credit facility
OREANDA-NEWS Sovcomflot and Sberbank signed a memorandum of understanding (MOU) paving the way for a new long-term credit agreement. On behalf of the parties the MOU was signed by Sergey Frank, Chairman and CEO of Sovcomflot, and Herman Gref, CEO and Chairman of the Executive Board of Sberbank.
The credit facility agreement, the subject of the MOU, will provide USD 180 mln financing for two existing Panamax Arctic shuttle tankers within Sovcomflot’s fleet (Mikhail Ulyanov, Kirill Lavrov), built at the Admiralty Shipyards in St. Petersburg and operated under the Prirazlomnoye project. The term of the agreement is up to 15 years.
“Investment in large-scale projects involving the creation of a modern infrastructure and the development of industrial potential of the country is traditionally one of Sberbank’s priorities. We are looking forward to continuing cooperation with reputable customers that are building a stable business, such as Sovcomflot,” said Herman Gref, President and Chairman of Sberbank.
The Prirazlomnoye oilfield is located 32 nautical miles offshore in the Pechora Sea. The offshore ice-resistant stationary platform (OIRSP) Prirazlomnaya was built in Russia for the purpose of oil production, storage and offloading there. It is the first and only platform on Russia’s Arctic shelf. Two unique shuttle tankers – Kirill Lavrov and Mikhail Ulyanov – are used for transportation of all the oil produced there. Built in 2010 at the Admiralty Shipyards for Sovcomflot, these vessels were specifically designed for year-round navigation at low temperatures and in the difficult ice conditions of the Arctic sea basin. Each vessel has Arc6 ice class and a deadweight of 70,000 tonnes. Since April 2014, they have made 43 voyages from Prirazlomnaya, delivering some 2.7 million tonnes of crude oil for customers. Gazprom Neft Shelf is the operator of the Prirazlomnoye project.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 4 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
Sovcomflot (SCF Group) is one of the world's leading shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as servicing offshore upstream oil and gas installations and equipment. The Group’s fleet comprises 153 vessels with a total deadweight of approximately 13 million tonnes. The company is registered in St. Petersburg with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai.
The credit facility agreement, the subject of the MOU, will provide USD 180 mln financing for two existing Panamax Arctic shuttle tankers within Sovcomflot’s fleet (Mikhail Ulyanov, Kirill Lavrov), built at the Admiralty Shipyards in St. Petersburg and operated under the Prirazlomnoye project. The term of the agreement is up to 15 years.
“Investment in large-scale projects involving the creation of a modern infrastructure and the development of industrial potential of the country is traditionally one of Sberbank’s priorities. We are looking forward to continuing cooperation with reputable customers that are building a stable business, such as Sovcomflot,” said Herman Gref, President and Chairman of Sberbank.
The Prirazlomnoye oilfield is located 32 nautical miles offshore in the Pechora Sea. The offshore ice-resistant stationary platform (OIRSP) Prirazlomnaya was built in Russia for the purpose of oil production, storage and offloading there. It is the first and only platform on Russia’s Arctic shelf. Two unique shuttle tankers – Kirill Lavrov and Mikhail Ulyanov – are used for transportation of all the oil produced there. Built in 2010 at the Admiralty Shipyards for Sovcomflot, these vessels were specifically designed for year-round navigation at low temperatures and in the difficult ice conditions of the Arctic sea basin. Each vessel has Arc6 ice class and a deadweight of 70,000 tonnes. Since April 2014, they have made 43 voyages from Prirazlomnaya, delivering some 2.7 million tonnes of crude oil for customers. Gazprom Neft Shelf is the operator of the Prirazlomnoye project.
Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 4 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
Sovcomflot (SCF Group) is one of the world's leading shipping companies, specialising in the transportation of crude oil, petroleum products, and liquefied gas, as well as servicing offshore upstream oil and gas installations and equipment. The Group’s fleet comprises 153 vessels with a total deadweight of approximately 13 million tonnes. The company is registered in St. Petersburg with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, Yuzhno-Sakhalinsk, London, Limassol, and Dubai.
Комментарии