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09 Feb 2026

ExxonMobil Acquires $2.32B FPSO as Guyana Prepares First Petroleum Data Hub

ExxonMobil Acquires $2.32B FPSO as Guyana Prepares First Petroleum Data Hub
ExxonMobil has completed a $2.32 billion acquisition of a floating production, storage and offloading (FPSO) unit operating off Guyana’s coast, with SBM Offshore remaining in charge of operations. The transaction strengthens ExxonMobil’s position in one of the world’s fastest-growing deepwater oil provinces, securing additional production capacity as the country’s offshore reserves continue to attract global majors.

The FPSO purchase comes during an expansionary phase for Guyana’s petroleum sector. By acquiring an operational FPSO, ExxonMobil gains immediate production capacity while reinforcing its strategic presence in a region that has delivered some of the highest per capita oil production rates globally. For international investors and service providers, the deal signals tangible opportunities across vessel operations, engineering, maintenance and supporting logistics.

Expanding Data Infrastructure to De-Risk Investment

Complementing the FPSO transaction, the Guyanese government is establishing its first Petroleum Data Repository, consolidating 3D seismic survey data covering licensed and unlicensed offshore blocks. The repository aims to enhance transparency, support exploration planning and facilitate future licensing rounds by providing investors and operators with reliable, locally accessible geological and geophysical data.

Ministerial officials have emphasized that the repository addresses a historical barrier: without centralized data, prospective investors faced higher uncertainty when evaluating offshore acreage. By centralizing high-quality seismic information, the government is enabling more competitive and informed bidding, which will accelerate exploration and development activity. Early interest from companies such as Latitude Energy Inc. demonstrates the commercial potential unlocked by this initiative.

Capitalizing on Investment Momentum

For Guyana, ExxonMobil’s purchase reflects near-term production expansion and operational scale, while the data repository reduces technical risk for future entrants, supporting a more predictable and structured investment environment. Together, these developments make it easier for IOCs, independent operators and service contractors to plan investments, secure contracts and expand offshore operations.

At Caribbean Energy Week (CEW), March 30–April 1, 2026, in Paramaribo, a Guyana Investment Roundtable will spotlight future FPSO deployments, logistics expansion and structured investment opportunities, providing a platform for government officials, investors, operators and technology providers to discuss upcoming licensing rounds and offshore infrastructure needs. By linking specific deals like ExxonMobil’s FPSO acquisition with strategic planning for future exploration, the forum underscores Guyana’s transition from an emerging frontier to a more organized, investment-ready deepwater market.

As Guyana continues to expand both production and supporting infrastructure, the market is evolving from opportunistic, high-risk engagement to strategically backed, bankable offshore projects. With CEW 2026 providing a platform to connect decision-makers and showcase Guyana’s deepwater potential, investors can gain early insight into both immediate and future offshore opportunities, positioning themselves ahead of the next wave of production and development activity.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.

 

 

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