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ExxonMobil Acquires FPSO Prosperity and Expands Offshore Operations in Guyana
A ExxonMobil, in a strategic move, acquired the FPSO Prosperity from SBM Offshore for $1,23 billion, reinforcing its presence in Guyana. In addition, the acquisition includes a partnership with SBM for operation and maintenance until 2033, which certainly highlights the commitment to the sustainable and safe development of the region.
ExxonMobil and SBM Offshore: A Strategic Partnership
To ensure maximum efficiency, ExxonMobil will maintain technical support from SBM Offshore, thus consolidating a safer and more efficient operation. In this way, ExxonMobil combines its global experience with SBM's technical expertise, which ensures high standards of performance and innovation in the offshore sector.
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Stabroek Block: The New Oil Production Center
The FPSO Prosperity, now operating in Stabroek Block, raises Guyana's position in the global oil market. In fact, with 1,3% of the world's crude oil transported, according to the BIMCO, and with exports via large vessels such as the models suez max e VLCC, Guyana is establishing itself as a new export hub.
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Promising Offshore Reserves in Guyana
Estimates of U.S. Energy Information Administration (EIA) indicate that Guyana has 11 billion barrels of oil and gas unexplored, which highlights the country as an emerging power. Therefore, ExxonMobil sees considerable potential for growth, job creation and strengthening of the local economy.
Strategic Financial Impact for SBM Offshore
SBM Offshore plans to use the proceeds from the transaction to reduce its debt, estimated at 980 million U.S. $, which in turn reinforces its financial stability. In this way, SBM stands out as a solid partner for the sector, especially with the disclosure of details in the next quarterly report, scheduled for November 14, 2024.
ExxonMobil and SBM Offshore: Sustainable Growth in the Offshore Sector
This partnership, by consolidating ExxonMobil’s presence in South America, promotes safe and sustainable operations, expanding economic opportunities for Guyana. Ultimately, ExxonMobil positions itself as an industry leader, while SBM Offshore establishes itself as a reliable and innovative partner.
ExxonMobil and SBM Offshore Transform Guyana into New Energy Powerhouse
With this acquisition, ExxonMobil reaffirms its commitment to the development of Guyana, expanding its presence in the global oil market. This alliance represents a commitment to sustainability and security, projecting Guyana as a new emerging power in the global energy scenario.
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