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Mexilhão to get 538 million Reais in funding from the BNDES


Companhia Mexilhão do Brasil (CMB), a specific purpose corporation (SPC) connected to Petrobras, signed a funding agreement worth R$528 million with the National Development Bank (BNDES) to build the Mexilhão 1 Platform (PMXL-1).

Considered a bridge loan to be in effect during the construction phase, the operation may be complemented by long-term funding.

Measuring 227 meters tall, the PMXL-1 is the tallest fixed platform to be built in Brazil and will be installed in the Mexilhão Field, in the Santos Basin. Capable of producing up to 15 million cubic meters of natural gas per day, it is under construction at the Mauá shipyard, in Niterói (RJ), and will be installed at a site 145 km off the coast where water depth is 172 meters.

The gas produced in Mexilhão will be offloaded via a 145-km long offshore gas pipeline to the “Monteiro Lobato” Gas Treatment Unit (UTGCA) in Caraguatatuba, Northern Coast of the State of São Paulo. From there it will be transported over the 96-km Caraguatatuba-Taubaté Gas Pipeline (Gastau) to the existing pipeline network.

Petrobras’ deployment of the Mexilhão Project will supply part of the Southeastern region’s market, reducing the Country’s dependence on foreign natural gas. Mexilhão is part of the Gas Production Anticipation Plan (Plangás), one of Petrobras’ main projects included in the Development Acceleration Plan (DAP).


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