ExxonMobil Guyana Ltd has finalized the purchase of the FPSO ONE GUYANA from SBM Offshore, concluding the transaction ahead of the unit’s maximum lease term, which was set to expire in August 2027. The announcement was made on Tuesday in Amsterdam.
With this completion, ExxonMobil Guyana now assumes ownership of the floating production, storage, and offloading (FPSO) vessel, while SBM Offshore will retain operational and maintenance responsibilities until 2035.
The deal involved a total cash consideration of approximately US$2.32 billion, with a significant portion—US$1.74 billion—used to fully repay project financing, substantially decreasing SBM Offshore’s net debt position.
The FPSO ONE GUYANA is the largest and fourth oil production facility operating within Guyana’s Stabroek Block. It successfully achieved first oil in August 2025, ahead of schedule, marking a significant milestone in the country’s rapid offshore development.
The FPSO will continue to operate under an integrated operations and maintenance model, leveraging technical expertise from both SBM Offshore and ExxonMobil Guyana.
SBM Offshore noted that the financial implications of this transaction will be included in its 2026 guidance, which will be released alongside the company’s Full Year 2025 earnings report scheduled for February 26, 2026.
