ExxonMobil Guyana, an affiliate of Exxon Mobil Corporation, has completed the purchase of the One Guyana FPSO from SBM Offshore, securing ownership before the contract’s maximum lease period would have ended in August 2027.
While title to the unit has transferred to ExxonMobil Guyana, SBM Offshore will remain in charge of running and maintaining the FPSO through 2035. The asset will continue under a jointly executed operating set-up that brings together the two organisations’ offshore production capabilities and experience, supporting strong operating results.
The transaction was completed for a total cash consideration of $2.32 billion. SBM Offshore said the net cash inflow was mainly directed to fully repay $1.74 billion in project financing, materially lowering its net debt position.
The One Guyana FPSO has been on hire since August 2025. The unit was built for output of about 250,000 barrels of oil per day, with associated gas processing capacity of roughly 450 million cubic feet per day and water injection capacity of around 300,000 barrels per day.
The FPSO is assigned to the Yellowtail offshore development, the fourth development within the Stabroek Block, located about 200,000 m offshore Guyana.
