Exxon Mobil’s Guyana affiliate completed the purchase of FPSO Liza Unity from SBM Offshore for $1.26 billion, according to a Nov. 9 press release.
The purchase allows Exxon Mobil Guyana Ltd. to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO until 2033.
Net cash proceeds will primarily be used for the full repayment of the $1.14 billion project financing and to pay down SBM’s net debt.
The FPSO Liza Unity has been on hire since February 2022. Since 2023 it was operated through the integrated operations and maintenance model “combining SBM Offshore and Exxon Mobil’s expertise and experience delivering outstanding operational performance,” SBM said in the press release. (Yahoo! Finance)
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