Sevan Marine Receives Loan for FPSO Upgrade

11 July 2010 (Last Updated July 11th, 2010 18:30)

Sevan Marine has received a $230m loan from ING Bank to upgrade its FPSO Sevan Voyageur. Sevan earlier announced that the Voyageur will be chartered for E.ON Ruhrgas UK E&P as the production unit for the Huntington field under a five-year $535m lease agreement.

Sevan Marine has received a $230m loan from ING Bank to upgrade its FPSO Sevan Voyageur.

Sevan earlier announced that the Voyageur will be chartered for E.ON Ruhrgas UK E&P as the production unit for the Huntington field under a five-year $535m lease agreement.

Sevan said the loan is expected to be complete during the third quarter of 2010.