FPSO ONE GUYANA Purchase by ExxonMobil Guyana Completed
MWN-AI** Summary
On February 4, 2026, SBM Offshore announced the successful completion of the transaction involving the purchase of FPSO ONE GUYANA by ExxonMobil Guyana Ltd, a subsidiary of Exxon Mobil Corporation. This acquisition occurs ahead of the unit’s maximum lease expiration, initially set for August 2027. The deal, valued at approximately $2.32 billion, allows ExxonMobil to take ownership of the FPSO, while SBM Offshore will continue to operate and maintain the unit until 2035.
The $2.32 billion cash consideration primarily facilitated the full repayment of a $1.74 billion project financing, significantly reducing SBM Offshore’s net debt. FPSO ONE GUYANA has been operational since August 2025, and its management will leverage a collaborative operations and maintenance model, blending expertise from both companies for enhanced operational efficiency.
The financial implications of this transaction will reflect on SBM Offshore’s 2026 guidance, which is expected to be detailed in their Full Year 2025 Earnings release on February 26, 2026.
SBM Offshore continues to solidify its position as a leader in deepwater ocean infrastructure, focusing on sustainable energy production in alignment with a just transition towards cleaner energy sources. The company emphasizes innovation, with over 7,800 employees contributing to its mission of balancing environmental preservation with energy advancement.
Looking ahead, SBM Offshore has a busy financial calendar, including the Annual General Meeting on April 15, 2026, and updates on earnings scheduled for May, August, and November. The information contained herein is part of their ongoing commitment to transparency and provides insights into their future expectations and market strategies.
MWN-AI** Analysis
The recent completion of the FPSO ONE GUYANA purchase by ExxonMobil Guyana Ltd from SBM Offshore signifies a pivotal moment for both firms, with implications for the broader energy sector. The acquisition, finalized at a staggering US$2.32 billion, allows ExxonMobil to solidify its operational foothold in Guyana’s burgeoning offshore oil industry, potentially enhancing its profitability in the coming years.
From an investment perspective, analysts should view this transaction as a positive indicator for ExxonMobil. By acquiring the FPSO, ExxonMobil not only secures a key asset but also alleviates future lease obligations, previously set to expire in August 2027. This strategic move can free up capital for further investment in exploration and development.
For SBM Offshore, the transaction allows for a significant reduction in net debt and positions the company to maintain its operational expertise in the region. The repayment of US$1.74 billion in project financing indicates improved liquidity and a stronger balance sheet, which could enhance investor confidence moving forward. However, it also places emphasis on SBM Offshore’s ability to maintain high operational standards through 2035.
Investors should closely monitor the upcoming earnings releases, particularly the Full Year 2025 Earnings on February 26, 2026, which will reflect the comprehensive effects of this transaction. A strong operational performance or future contracts stemming from this partnership could uplift SBM Offshore's stock prospects.
In conclusion, investors in the energy sector should remain attentive to developments surrounding both companies. For ExxonMobil, the purchase underlines its commitment to growth in Guyana, while SBM Offshore's focus on sustainable operations could yield dividends for environmentally-conscious investors.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Amsterdam, February 4, 2026
SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO ONE GUYANA, 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.
The impact of the transaction will be included in the Company’s 2026 guidance as part of the Full Year 2025 Earnings release, scheduled for February 26, 2026.
Corporate Profile
SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.
More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Full Year 2025 Earnings | February 26 | 2026 | |
| Annual General Meeting | April 15 | 2026 | |
| First Quarter 2026 Trading Update | May 7 | 2026 | |
| Half Year 2026 Earnings | August 6 | 2026 | |
| Third Quarter 2026 Trading Update | November 12 | 2026 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
| Phone: | +31 (0)20 236 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Media Relations
Giampaolo Arghittu
Head of External Relations
| Phone: | +31 (0)6 212 62 333 / +39 33 494 79 584 |
| E-mail: | giampaolo.arghittu@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Market Abuse Regulation
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.
This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half Year Management Report accompanying the Half Year Earnings 2025 report, available on our website Half Year Earnings - SBM Offshore.
Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®” and “F4W®” are proprietary marks owned by SBM Offshore.
Attachment
FAQ**
How will the completion of the FPSO ONE GUYANA purchase by ExxonMobil Guyana, associated with "SBM Offshore NV ADR SBFFY," impact the financial performance projected for the Full Year 2025 Earnings release on February 26, 2026?
What strategic advantages does SBM Offshore NV gain from this transaction involving FPSO ONE GUYANA, and how does it align with their sustainability goals in the context of "SBM Offshore NV ADR SBFFY"?
Considering the reduction in net debt following the FPSO ONE GUYANA sale, what are the implications for SBM Offshore NV’s future investment strategies and operational expansions related to "SBM Offshore NV ADR SBFFY"?
How will the operational collaboration between SBM Offshore and ExxonMobil Guyana enhance the efficiency and performance of FPSO ONE GUYANA, as perceived by investors of "SBM Offshore NV ADR SBFFY"?
**MWN-AI FAQ is based on asking OpenAI questions about SBM Offshore NV ADR (OTC: SBFFY).
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