Brazilian Seeks Platform Project Funds

Brazilian oil and gas logistics specialist GranEnergia is in discussions with banks for non-recourse financing to help build three offshore maintenance platforms requiring a $500m total investment, according to a person familiar with the matter. The first of the three platforms is to be used by Petrobras. It is negotiating with Brazilian, European and Asian banks. GranEnergia is a subsidiary of GranInvestimentos a vehicle for the Gradin family.