General FPSO Transaction
SBM Offshore and ExxonMobil Guyana have completed the transaction related to the purchase of FPSO ONE GUYANA.
This is 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 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 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.
