ECO Brazil

active

The Project consists of the construction and operation of a greenfield port terminal for offshore oil services (the “Terminal”) within the South Port Terminal at Port Açu, in Sao Joào da Barra, on the northern coast of Rio de Janeiro. The Terminal includes up to 990m berth with 9 boat slips and 1 heavy lift gantry crane slip. The Terminal will use up to 574,200 square meters (“m2”) for the berth and slips. The primary purpose of the Terminal is to serve offshore supply vessels used to deliver supplies such as drilling fluids, liquid mud, pipes, fuel, drinking water and other items to operating oil rigs mainly in the Campos basin, one of the largest oil deposits in Brazil and the world. The Terminal may also serve anchor handling tugs used to tow rigs and set their anchors, and move barges loaded with equipment. The Company will build the Terminal using land within the South Port Terminal at Port Açu under a concession of in rem surface rights and use of general infrastructure agreement with Prumo for a 15-year period with renewal option.