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SBM Offshore secures $1.14bn financing of Guyana FPSO

Dutch FPSO specialist SBM Offshore has completed the project financing of FPSO Liza Unity for a total of $1.14bn.

The financing was secured by a consortium of nine international banks, and SBM expects to draw the loan in full, phased over the construction period of the unit.

The Liza Unity FPSO will be designed to produce 220,000 barrels of oil per day, will have associated gas treatment capacity of 400m cu ft per day and water injection capacity of 250,000 barrels per day. The FPSO will be able to store around 2m barrels of crude oil. It will be used at the Liza field, offshore Guyana, operated by ExxonMobil’s Esso Exploration and Production Guyana.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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