SBM Offshore Finalizes $1.7 Billion Financing for One Guyana FPSO

FPSO One Guyana to begin production of Exxon Mobil’s Yellowtail development offshore Guyana in the prolific deepwater Stabroek block in 2025.

SBM Finalizes $1.7 Billion Financing for Yellowtail FPSO Offshore Guyana

Pictured is Liza Destiny, the first FPSO Exxon Mobil and its partners have ordered from SBM Offshore for developments in the prolific deepwater Stabroek block offshore Guyana. (Source: SBM Offshore)

SBM Offshore completed on July 21 the $1.75 billion project financing of FPSO One Guyana destined for the Exxon Mobil Corp.-operated Yellowtail development offshore Guyana.

One Guyana is the fourth FPSO Exxon Mobil and its partners have ordered from SBM Offshore for developments in the prolific deepwater Stabroek block. The design for the FPSO One Guyana is based on SBM Offshore’s Fast4Ward program, which incorporates the company’s newbuild, multipurpose hull combined with standardized topsides modules.

The project financing for One Guyana was secured through a consortium of 15 international banks, according to a company release on July 21.

Already have an account? Log In

Subscribe now to get unmatched and complete coverage of the Energy industry’s entire landscape!

View our subscription options
  • Access to site wide content
  • Access to our proprietary databases
  • Watch exclusive videos with energy executives
  • Unlimited access to an extensive library of Playbooks, Techbooks, Yearbooks, supplements, and special reports
  • Newly Added! Access to Rextag's Energy Datalink, containing extensive GIS databases of energy assets, production records, processing capacities, physical locations, planned projects, acquisition records, and much more.

Jennifer Pallanich

Jennifer Pallanich is Hart Energy's senior editor for technology. She has reported on the technology that fuels oil patch exploration, development and production for more than two decades.