SBM wins FPSO work on Exxon’s Yellowtail

SBM wins FPSO work on Exxon’s Yellowtail

SBM Offshore has won work on the One Guyana vessel for ExxonMobil’s Yellowtail project, offshore Guyana.

Exxon announced the $10 billion final investment decision (FID) yesterday. SBM has built the three previous floating production, storage and offloading (FPSO) vessels for Exxon in Guyana. It also won front-end engineering and design (FEED) work on Yellowtail in late 2021.

SBM will construct, install, lease and operate the FPSO for two years. Following this point, it will transfer the vessel to Esso Exploration and Production Guyana.