SBM ties up loan for Liza FPSO
SBM Offshore has secured the $720 million of finance it needs for ExxonMobil’s Liza FPSO project.
The floater, a VLCC currentlyundergoing conversion in Singapore, will be a spread-moored facility in 1,525 m (5,003 ft) water depth in the Stabroek block, 200 km (124 mi) offshore Guyana.
It is designed to produce up to 120,000 b/d, with associated gas treatment capacity of around 170 MMcf/d and water injection capacity of 200,000 b/d.
Financing was arranged with a consortium of 12 international banks. SBM expects to draw the full loan over the course of the FPSO construction program.