At the 2012 SiLAS conference hosted by Euromoney Seminars and LatinFinance, a panel on rig lease receivable deals sparked hope that the architecture of this sector could be applied to other businesses.

The rig lease deals that have come out of Latin America have been backed by revenues stemming from a charter agreement between Petroleos de Brasil and the operator of a drillship. The proceeds go to the operator, which is able to borrow more cheaply than through other avenues thanks to a contract linked to an internationally recognized, and investment-grade-rated, oil producer.

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