Dutch floater specialist SBM Offshore has accomplished the $1.05bn undertaking financing of the floating manufacturing storage and offloading (FPSO) Prosperity set for the Payara improvement undertaking within the Stabroek block off Guyana, operated by Esso Exploration and Manufacturing Guyana Restricted, an affiliate of ExxonMobil.
The undertaking financing was secured by a consortium of 11 worldwide banks. SBM Offshore expects to attract the mortgage in full, phased over the development interval of the FPSO. The undertaking mortgage has a tenor of two years after completion, consistent with the length of the constitution, and has a variable rate of interest plus 1.60%.
The Prosperity FPSO will utilise a design that largely replicates the design of the Liza Unity FPSO, based mostly on SBM Offshore’s Fast4Ward program that comes with a multi-purpose hull mixed with a number of standardised topside modules.
The FPSO will likely be designed to provide 220,000 bopd, could have an related fuel remedy capability of 400m cubic toes per day and a water injection capability of 250,000 bpd. The unit will likely be moored at a water depth of about 1,900 m and can be capable of retailer round 2m barrels of crude oil.
Payara is the third improvement throughout the Stabroek block, some 200 km offshore Guyana. Esso Exploration and Manufacturing Guyana Restricted, holds a forty five% curiosity within the Stabroek block, Hess holds a 30% curiosity and CNOOC holds a 25% curiosity.