June 15, 2020 |
Dragados Offshore, an oil and gas engineering, procurement and construction (EPC) division of Spain's ACS, is set to receive financing for an offshore compression project for Mexico's state-owned oil company Pemex, according to a source close to the deal.
Dragados signed the 10-year, $404 million loan in April to fund a sour gas compression system on the CA-KU-A1 platform in the Gulf of Mexico. The leaders, ING and Mizuho, brought nine other lenders to the loan, Bancomext, Bank of China, Banobra
Spanish EPC contractor prepares to draw from a $404 mln loan for an offshore gas compression system