ExxonMobil Guyana has completed the acquisition of the floating production, storage and offloading vessel (FPSO) ONE GUYANA from SBM Offshore, marking a significant development in the country’s offshore oil operations.
The transaction was finalized ahead of the vessel’s maximum lease term, which had been scheduled to end in August 2027. Through the agreement, ExxonMobil Guyana now assumes ownership of the FPSO, while SBM Offshore will continue to manage the vessel’s operations and maintenance under contract until 2035.
The deal was valued at approximately US$2.32 billion. According to SBM Offshore, the net cash proceeds have been primarily used for the full repayment of the US$1.74 billion project financing and as such materially decreased SBM Offshore’s net debt position.
FPSO ONE GUYANA has been supporting offshore production activities since entering service in August 2025. It will continue to be operated through the integrated operations and maintenance model, combining SBM Offshore’s and ExxonMobil Guyana’s expertise and experience, and delivering outstanding operational performance.
