On April 24, SPDB Financial Leasing officially completed the capital deployment for its first Floating Production Storage and Offloading (FPSO) vessel project in collaboration with SBM Offshore, a global leader in floating energy production systems.
As the world’s first joint financial leasing business with FPSO as the leasing object, the implementation of this project is a major business breakthrough for SPDB Financial Leasing in the field of high-end offshore equipment, and provides a solution for international energy infrastructure financing.
FPSO is known as an “offshore oil factory”. It is a super-large offshore engineering equipment that integrates oil and gas processing, storage, loading and unloading functions. Its hull and production module need to be coordinated to complete long-term deep-sea operations. The oil storage capacity can reach millions of barrels. It can directly unload crude oil to transport ships, significantly reducing dependence on submarine pipelines. It is the core equipment for deepwater oil field development. Traditional FPSO financing is highly dependent on European and American syndicated loan models, and the financing scale of a single project usually exceeds US$1 billion.
SPDB Financial Leasing innovatively adopted a joint leasing model this time, linking three peer leasing companies to form a financing consortium. By integrating domestic and foreign financial resources, SPDB Financial Leasing not only provides customers with customized cross-border financing solutions, but also explores new mechanisms for the financial leasing industry to empower the allocation of the global high-end equipment industry chain on a pilot basis.
Next, SPDB Financial Leasing will use the successful implementation of this project as a blueprint to further expand its international business in the fields of marine engineering equipment, energy infrastructure, etc., and provide more competitive comprehensive financial services for the upgrading of the global energy industry chain and the “going out” of Chinese equipment.