ExxonMobil takes ownership of offshore Guyana FPSO

ExxonMobil Guyana has completed its acquisition of the Liza Destiny FPSO from SBM Offshore, five years ahead of the maximum lease term that would have expired in December 2029.

Under the arrangement, announced Dec. 19, SBM Offshore will continue to operate and maintain the FPSO up to 2033.

SBM plans to use much of the $535 million proceeds to repay project financing and lower its net debt position.

Liza Destiny has been on hire at the Liza field offshore Guyana since December 2019.

Earlier this year, Aize, ExxonMobil Guyana and SBM Offshore jointly used Aize digital twin software on the Liza Unity and Liza Destiny FPSOs on the Stabroek Block offshore Guyana.