Monday, February 6, 2023

SBM Offshore signs MOU with Exxon for future Guyana FPSO

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Dutch floater specialist SBM Offshore has signed an MoU with ExxonMobil Guyana for construction of a multi-purpose floater hull for use on a future floating production storage and offloading (FPSO) project. SBM made the announcement today via its LinkedIn page.

“ExxonMobil and SBM Offshore have a long history of working together, with multiple FPSO projects underway,” the Netherlands-based company said.

SBM Offshore looking for more Guyanese to join its growing team

This long history of working together has seen SBM Offshore securing multiple contracts over the years for Exxon’s Guyana operations, which includes all FPSOs for approved projects to date – Liza Destiny, Liza Unity, Prosperity, and One Guyana.

SBM Offshore aiming for ‘near-zero emissions FPSO’ by 2025 – CEO

Just recently it was announced that MODEC had secured a contract for Exxon’s fifth Guyana project at Uaru, which is pending government approvals and final investment decision by the US oil major.

The MoU announced today by SBM Offshore is therefore likely targeting Exxon’s sixth project offshore the South American country.  Exxon has said it envisions around 10 FPSOs operating at the Stabroek Block where it has made over 30 discoveries since 2015, amounting to more than 11 billion barrels of oil equivalent resources.

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