ExxonMobil Corp. affiliate ExxonMobil Guyana Ltd. has completed a deal to purchase the Liza Unity floating production, storage, and offloading (FPSO) vessel from SBM Offshore NV for $1.26 billion.
The deal was completed a few months ahead of the end of the maximum lease term, in February 2024, SBM Offshore said in a release Nov. 9.
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.
ExxonMobil Corp. started production at Liza Phase 2, Guyana’s second offshore oil development on Stabroek block, in February 2022 (OGJ Online, Feb. 14, 2022).
The FPSO is designed to produce about 220,000 b/d of oil, to have associated gas treatment capacity of 400 MMcfd, and water injection capacity of 250,000 b/d. It is spread moored in water depth of about 1,650 m. It can store around 2 million bbl of crude oil.