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ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO Prosperity from Dutch floater expert SBM Offshore.
The completion was done before the maximum lease term, which would have expired in November 2025. 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 around $1.23bn. SBM Offshore said that the net cash proceeds would primarily be used for the full repayment of the $980m project financing and as such will decrease the company’s net debt position.
The FPSO Prosperity has been on hire since November 2023 and will continue to be operated through the operations and maintenance model of both SBM Offshore and ExxonMobil.
The FPSO started production in November last year and has a production capacity of approximately 220,000 barrels per day.
It is located in the Stabroek Block which ExxonMobil operates with a 45% interest. Hess holds 30% interest and CNOOC holds the remaining 25% interest.
The post ExxonMobil acquires FPSO Prosperity from SBM Offshore appeared first on Energy News Beat.
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