SBM Offshore signs agreements with MISC Berhad to sell interests in floating production units

SBM Offshore signs agreements with MISC Berhad to sell interests in floating production units

SBM Offshore, a global leader in floating production solutions for the oil and gas industry, has signed Share Purchase Agreements with Malaysian energy giant MISC Berhad. These agreements pertain to the sale of SBM Offshore’s equity interests in certain floating production storage and offloading (FPSO) units. The transaction signifies a significant step in SBM Offshore’s […]

ExxonMobil confirms contract with SBM Offshore for FPSO Jaguar in Stabroek Block

ExxonMobil confirms contract with SBM Offshore for FPSO Jaguar in Stabroek Block

SBM Offshore has officially announced the contract award by ExxonMobil Guyana Limited (EMGL) for the construction and installation of the Floating Production Storage and Offloading (FPSO) unit, named FPSO Jaguar, for the Whiptail development project. This strategic move follows the successful completion of front-end engineering and design studies, necessary governmental approvals, and a final investment […]

SBM Offshore completes sale of FPSO Liza Unity to ExxonMobil Guyana for $1.26bn

SBM Offshore completes sale of FPSO Liza Unity to ExxonMobil Guyana for $1.26bn

SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have successfully completed a significant transaction involving the FPSO Liza Unity. The deal, finalized ahead of the February 2024 lease term end, is valued at approximately US$1.26 billion. Details of the Transaction The transaction allows ExxonMobil Guyana to assume ownership of the FPSO Liza […]

SBM Offshore secures FEED contract for Whiptail FPSO project in Guyana

SBM Offshore secures FEED contract for Whiptail FPSO project in Guyana

SBM Offshore announced its awarding of contracts for the Front End Engineering and Design (FEED) of a Floating Production, Storage, and Offloading vessel (FPSO) for the notable Whiptail development project in Guyana. Pending governmental nods and final investment decisions by ExxonMobil Guyana Limited, SBM Offshore will helm the construction and installation of the FPSO. Project […]