ExxonMobil Finalizes $535M Liza Destiny FPSO Purchase

Exxon Mobil Corporation’s (XOM) subsidiary, ExxonMobil Guyana, has acquired the floating production, storage, and offloading (FPSO) unit, Liza Destiny, from SBM Offshore. The purchase, valued at $535 million, was finalized ahead of the FPSO's maximum lease term, originally set to expire in December 2029. This strategic move positions ExxonMobil as the unit's owner, while SBM Offshore remains responsible for its operations and maintenance through 2033.The transaction includes a $535 million cash consideratio ...