Acu Petroleo S.A. – T-Oil’s $350 million financing


Mattos, Filho, Veiga Filho, Marrey Jr. e Quiroga, Paul Hastings, Chediak Advogados, Machado, Meyer, Sendacz e Opice and White & Case have advised on the deal

Overseas Private Investment Corporation (OPIC) – the U.S. Government’s development finance institution – has granted Up to $350 million in financing to Acu Petroleo S.A. – T-Oil to support the development of an oil transshipment terminal located at the Acu Port in Sao Joao da Barra, a municipality in the Brazilian state of Rio de Janeiro.

Currently, oil from Brazil’s off-shore oil reserves is transferred from ship-to-ship in open waters or in environmentally sensitive areas. OPIC’s financing will support the country’s first private transshipment terminal and result in a more cost effective and environmentally sustainable solution for Brazil. By providing a contained, protected area for transshipment, the project reduces the potential and impact of oil spills during transshipment operations.

Açu Petróleo S.A. is a Prumo Logística and Oiltanking GmbH Joint Venture.

Mattos, Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados has advised Açu Petróleo S.A., Prumo Logística and EIG Global Energy Partners with a team including Pablo Sorj (Picture), Camila Leal Calais, Natalia de Santis de Caldas Pires, Olivia Searle, Matheus Nunes Oberg and María Eduarda Vianna.

Paul Hastings has advised Açu Petróleo S.A., Prumo Logística and EIG Global Energy Partners with Robert Kartheiser, Roberta Bassegio and Thomas Sines e Inho Ko.

Chediak Advogados has advised Oiltanking GmbH with Lídice M. Xavier, Patrícia Regina Pinheiro Sampaio and Rafael Passos de Oliveira.

Machado, Meyer, Sendacz e Opice has advised Overseas Private Investment Corporation with José Ribeiro do Prado Júnior, Bruno Janikian Racy, Matheus Wassano Ishigaki, Louise Toledo Farias and Paulo de Tarso Machado.

White & Case LLP has advised Overseas Private Investment Corporation with Ned Neaher, Anna Andreeva and Gabriela Baca.

Involved fees earner: Lídice Marques da Silva Xavier – Chediak Advogados; Rafael Passos de Oliveira – Chediak Advogados; Patrícia Regina Pinheiro Sampaio – Chediak Advogados; Pablo Sorj – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Camila Leal Calais – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Olivia Carolina Florence Franco Searle – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Natalia De Santis de Caldas Pires – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Maria Eduarda Vianna e Silva – Mattos Filho Veiga Filho Marrey Jr & Quiroga; José Ribeiro Do Prado Júnior – Machado, Meyer, Sendacz e Opice; Matheus Wassano Ishigaki – Machado, Meyer, Sendacz e Opice; Louise Toledo Farias – Machado, Meyer, Sendacz e Opice; Bruno Janikian Racy – Machado, Meyer, Sendacz e Opice; Ned Neaher – White & Case; Anna Andreeva – White & Case; Bob Kartheiser – Paul Hastings; Roberta Bassegio – Paul Hastings; Thomas Sines – Paul Hastings;

Law Firms: Chediak Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Machado, Meyer, Sendacz e Opice; White & Case; Paul Hastings;

Clients: Overseas Private Investment Corporation; Prumo Logistica S.A.; EIG Global Energy Partners; Açu Petróleo S.A.; Oiltanking GmbH;

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Author: Ambrogio Visconti.