ExxonMobil will put its new Proxima materials to the test on the upcoming Hammerhead floating production, storage and offloading (FPSO) vessel, its seventh development in Guyana’s prolific Stabroek Block.
Chairman and Chief Executive Officer Darren Woods made the disclosure during the company’s third-quarter 2025 earnings call on October 31. He described the move as a milestone for the firm’s advanced materials division.
“We have the opportunity in 2026 to demonstrate the superior subsea insulation and installation characteristics of our Proxima products in the oil and gas sector, on our own Hammerhead FPSO,” Woods said.
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ExxonMobil’s Proxima systems are designed to deliver lighter, stronger, and more efficient composite materials for industrial use. The company has already recorded major improvements, including a 40% increase in installation efficiency for Proxima-based rebar compared to steel and a one-coat marine cargo tank solution that halves coating time.
Hammerhead was sanctioned earlier this year and is projected to begin production in 2029. MODEC will construct the FPSO. ExxonMobil holds a 45% stake in the Stabroek Block, with Hess (30%) and CNOOC (25%).
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The vessel is expected to produce around 250,000 barrels of oil per day, further strengthening Guyana’s position as one of the world’s fastest-growing offshore oil producers.
ExxonMobil’s decision to incorporate Proxima materials into Hammerhead underscores its push to integrate cutting-edge, low-weight, corrosion-resistant composites into energy infrastructure, improving both performance and sustainability across future projects.
