ExxonMobil Finalizes FPSO Purchase from SBM Offshore

SBM Offshore NV (GB:0NIS) has released an update.

ExxonMobil Guyana has completed the purchase of the FPSO Prosperity from SBM Offshore for approximately $1.23 billion, a move expected to reduce SBM Offshore’s net debt. The FPSO will continue to be operated by SBM Offshore until 2033, showcasing a successful collaboration with ExxonMobil. This transaction will be reflected in SBM Offshore’s upcoming financial guidance update.

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