Exxon Mobil Guyana has completed a transaction to assume ownership from SBM Offshore of the FPSO Prosperity.
The deal went through ahead of the full platform lease term, which would have expired in November 2025. Although Exxon Mobil Guyana is now owner, SBM Offshore will continue to operate and maintain the FPSO up to 2033.
The total cash consideration to SBM is about $1.23 billion, with the company set to use much of the proceeds to repay the project financing and decrease its net debt position.
FPSO Prosperity has been at the Payara field in the Stabroek Block, 200 km offshore Guyana, since November 2023.
