ENXTAM:SBMOEnergy Services
Does Longtail FPSO Win in Guyana Redefine the Bull Case For SBM Offshore (ENXTAM:SBMO)?
In late March 2026, ExxonMobil Guyana Limited awarded SBM Offshore FEED contracts for a Fast4Ward-based FPSO for the Longtail condensate and gas development offshore Guyana, including allocation of a newbuild hull and plans for SBM to construct, install and later transfer ownership of the vessel while remaining its operator.
The project underscores SBM Offshore’s deepening role in Guyana’s offshore basin, combining standardized FPSO design, senior-loan-funded construction, and expanded local...