SBM Offshore has successfully sold FPSO Prosperity to ExxonMobil Guyana Ltd, with plans to finalize the sale of FPSO Liza Destiny, enhancing its financial position and reflecting positive trends in Guyana's booming offshore oil industry.
Target Information
The FPSO Prosperity has been successfully sold to ExxonMobil Guyana Ltd, marking a significant transaction in the offshore energy sector. Additionally, the FPSO Liza Destiny is anticipated to be sold by the end of the year, indicating a strategic shift in asset management for SBM Offshore. The completion of these sales is expected to strengthen SBM’s financial position and optimize its asset portfolio.
SBM Offshore is also progressing with total asset consolidation through the sale of a 13.5% interest in FPSO Sepetiba to China Merchants Financial Leasing (Hong-Kong) Holding Co., Limited. This divestment is part of a broader strategy to maximize operational efficiency and enhance liquidity.
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Industry Overview in Guyana
Guyana's oil and gas industry has seen unprecedented growth due to massive offshore oil discoveries. The country's recent geological finds have positioned it as a new hotspot in the global energy landscape, attracting signifi
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Disclosed details
Transaction Size: $140M
Revenue: $6,000M
EBITDA: $1,900M