Business
FPSO ONE GUYANA Purchase by ExxonMobil Guyana Completed
Amsterdam, February 4, 2026 SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO ONE GUYANA, ahead of the maximum lease term which would have expired in August 2027. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2035. The transaction comprises a total cash consideration of c. US$2.32 billion. The net cash procee
About this update from Exxon Mobil Corporation
[{"type":"image","alt":"SBM Offshore Amsterdam B.V.","displaySize":"","headline":null,"caption":"SBM Offshore Amsterdam B.V.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":160,"url":"https://media.zenfs.com/en/globenewswire.com/84c37d9db8783987a22a64e0bdd5696b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dchmZnUVaLvNnhCO4zuvpg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyNDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/84c37d9db8783987a22a64e0bdd5696b","width":300,"height":160}},"lazy":false},{"type":"text","content":"Amsterdam, February 4, 2026","length":27,"tagName":"p"},{"type":"text","content":"SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO ONE GUYANA, ahead of the maximum lease term which would have expired in August 2027. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2035.","length":386,"tagName":"p"},{"type":"text","content":"The transaction comprises a total cash consideration of c. US$2.32 billion. 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.","length":253,"tagName":"p"},{"type":"text","content":"FPSO ONE GUYANA has been on hire since 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.","length":277,"tagName":"p"},{"type":"text","content":"The impact of the transaction will be included in the Company’s 2026 guidance as part of the Full Year 2025 Earnings release, scheduled for February 26, 2026.","length":158,"tagName":"p"},{"type":"text","content":"Corporate Profile","length":17,"tagName":"p"},{"type":"text","content":"SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. More than 7,800 ...