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.
For further insights into GB:0NIS stock, check out TipRanks’ Stock Analysis page.
