Offshore Technology · March 25, 2026 (1d ago) · 1 min read

ExxonMobil taps SBM Offshore for Longtail FPSO design work

Analysis

OilCyprus Editorial

ExxonMobil has awarded SBM Offshore contracts for FEED studies related to an FPSO for the Longtail project offshore Guyana. This award signifies continued progress in the development of ExxonMobil's significant discoveries in the Stabroek Block and its commitment to expanding production in the region.

Key Facts

SBM Offshore secured contracts from ExxonMobil Guyana.
The contracts are for front end engineering and design (FEED) studies.
The FEED studies relate to an FPSO for the Longtail project in Guyana.

Market Impact

This contract award further solidifies SBM Offshore's position as a leading FPSO provider and reinforces the importance of Guyana as a major offshore oil production hub. It also signals continued investment and development activity in the Stabroek Block, likely leading to further contract opportunities for other service providers in the future.

Why This Matters for Cyprus

This development is important for industry professionals because it highlights the ongoing expansion of offshore oil production in Guyana and the increasing demand for FPSO vessels and related services.

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