MONACO – SBM Offshore and ExxonMobil Guyana Ltd. have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term in February 2024.
The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2033.
The transaction comprises a total cash consideration of $1.26 billion. The net cash proceeds will primarily be used for the full repayment of the $1.14 billion project financing and as such will decrease SBM Offshore’s net debt position.
