SBM Offshore yesterday announced that it has completed the project financing for the Prosperity Floating Production, Storage and Offloading (FPSO) oil platform to the tune of US$1.05 billion.
The project is part of the Payara development project, which is the third Exxon-led development within the Stabroek block, about 200 kilometers offshore Guyana.
According to a statement issued by SBM, the project financing was secured by a consortium of 11 international banks and the loan will be drawn in full, phased over the construction period of the FPSO.
