ExxonMobil has finalized the purchase of the Liza Destiny floating production, storage, and offloading (FPSO) vessel in Guyana for $535 million. This acquisition secures full ownership of a critical asset in the Stabroek Block.
The Liza Destiny FPSO is instrumental in ExxonMobil's deepwater operations in Guyana, a region central to the company's upstream growth strategy. Owning the vessel enhances operational control and long-term cost efficiency.
This investment underscores ExxonMobil's commitment to maximizing value from its advantaged assets in Guyana. It supports the company's ambitious production targets and its strategy to deliver robust cash flow from this prolific oilfield.
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