Dutch owner SBM Offshore has clinched FPSO construction financing worth $1.14bn.
It said the project cash for the Liza Unity has been secured from a consortium of nine international banks.
The company expects to draw the loan in full, phased over the construction period of the FPSO at Waigaoqiao Shipbuilding in China.
The loan matures over two years once the unit has been delivered, in line with the duration of its charter, and carries a variable interest cost of Libor plus 1.50%.
The FPSO is designed to produce 220,000 barrels of oil per day and will have associated gas treatment capacity of 400m cbf per day, with water injection capacity of 250,000 barrels per day.
It will also be able to store 2m barrels of oil in waters of 1.6km depth in the Liza field 200km off Guyana.
ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds a 45% interest in the Stabroek Block.
Hess Guyana Exploration has 30% and CNOOC Petroleum Guyana holds 25%.
