SBM continues its relationship with ExxonMobil through the signing of a new MOU.
SBM Offshore has announced the signing of a Memorandum of Understanding (MOU) with ExxonMobil Guyana for construction of a multi-purpose floater hull for use on a future floating production storage and offloading (FPSO) project.
ExxonMobil and SBM Offshore have a long history of working together, with multiple FPSO projects underway.
Exxon has previously indicated that at least six FPSOs will be in service by 2027. They have also signaled that the resource base in Guyana has the potential to support up to 10 FPSOs.