SBM Offshore lands $750M loan for Liza FPSO

SBM Offshore gas completed the project financing of Liza FPSO, to be deployed offshore Guyana, for a total of $720 million. The Dutch company has obtained the cash from a consortium of twelve international banks. 

The Liza FPSO will be owned and be operated by SBM Offshore, and will, once completed, be used by Exxon Mobil for oil production from the Liza oil field in Guyana. The lease and operate contract includes an initial period of ten years with extension options up to an additional ten years.

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