KEY POINTS
- ExxonMobil Guyana acquires FPSO ONE GUYANA from SBM Offshore for US$2.32 billion.
- Sale proceeds used to fully repay US$1.74 billion in project financing, reducing SBM Offshore’s net debt.
- FPSO ONE GUYANA will continue operations under a joint integrated operations and maintenance model with ExxonMobil Guyana.
SBM Offshore, a Netherlands-based deepwater ocean-infrastructure company, has sold its largest Guyana-operated floating production storage and offloading vessel (FPSO), FPSO ONE GUYANA, to ExxonMobil Guyana Ltd for US$2.32 billion.
The transaction precedes the maximum lease term, which was set to expire in August 2027.
SBM Offshore revealed that the cash proceeds from the sale were primarily used to fully repay US$1.74 billion in project financing, significantly reducing the company’s net debt.
The FPSO ONE GUYANA, on hire since August 2025, will continue operations under an integrated model combining SBM Offshore’s and ExxonMobil Guyana’s expertise, ensuring high operational performance.
FPSO ONE GUYANA builds on prior operational successes
FPSO ONE GUYANA is SBM Offshore’s fourth and largest floating production storage and offloading vessel in Guyana, complementing the company’s existing fleet of Liza Destiny, Liza Unity, and Prosperity FPSOs.
These vessels have delivered excellent operational performance, contributing significantly to the country’s offshore oil output. The acquisition by ExxonMobil comes as the FPSO has been on hire since August 2025 and will continue operating under a joint integrated model, combining SBM Offshore’s technical expertise with ExxonMobil Guyana’s operational capabilities.
The deal not only ensures continuity in production but also reinforces confidence in Guyana’s offshore oil sector, highlighting the growing strategic importance of these FPSOs for long-term energy security and investment in the region.
