ExxonMobil Guyana acquires FPSO from SBM Offshore for $1.23 billion

Guyana

GEORGETOWN, November 8, 2024 – ExxonMobil Guyana has acquired the Prosperity FPSO vessel from SBM Offshore in a deal valued at USD 1.23 billion, the Dutch offshore facilities player announced on Friday.

The Prosperity has been on hire to the US energy giant since November 2023 and was set to reach its maximum lease term in November of next year.

While ExxonMobil Guyana will assume ownership of the vessel, SBM Offshore will continue to operate and maintain it up to 2033.

The Prosperity has been drilling in the prolific Stabroek block at ExxonMobil’s Payara discovery.

The US company made a game-changing discovery in the block in 2015, which, together with subsequent discoveries, has transformed Guyana into a global oil and gas hotspot.

SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.

Photo courtesy of SBM Offshore.

Read our latest insights on:

• Guyana

Previous

Lagos invites bids to construct gas-fired power plants

Next

Angola LNG eyes expansion as gas supply grows