(Source: Shutterstock.com)
Exxon Mobil Corp. has taken ownership of the FPSO Liza Destiny, which it had been leasing from SBM Offshore, for $535 million. The vessel operates offshore Guyana.
SBM said net cash proceeds from the sale will primarily be used for the full repayment of $405 million project financing, which will decrease SBM Offshore’s net debt position.
The FPSO has been on hire since December 2019. It can store 1.6 MMbbl of oil, according to Exxon Mobil’s website.
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