Delphos advised Açu Petróleo S.A. in the financing of the development and construction of an oil transshipment terminal at Açu Port in São João da Barra in the state of Rio de Janeiro. Açu Petróleo, through its parent company Prumo Logísitica S.A., is backed by a prominent oil and gas private equity firm EIG Global Partners. Delphos assisted Açu Petróleo to obtain a $350 million long-term senior loan with attractive terms from the Overseas Private Investment Corporation (“OPIC”). Prior to the project, oil from Brazil’s off-shore oil reserves were transferred from ship-to-ship in open waters. The financing will result in an environmentally-sustainable solution by providing a contained, protected area for transshipment, reducing the potential and impact of oil spills during operations. The transaction marked the second largest OPIC financing in Latin America to date. The $500 million terminal, which started operations in 2016, is Brazil’s first private transshipment terminal.