Exxon Mobil awarded SBM Offshore contracts for the Front End Engineering and Design (FEED) of a new Floating Production, Storage, and Offloading (FPSO) vessel.
The vessel will support the Longtail development located in Guyana’s Stabroek Block. This agreement marks a critical step toward a final investment decision for the project.
The Longtail project supports Exxon’s strategy to increase production from low-cost, high-return assets. This regional expansion remains central to the company’s future earnings and cash flow generation.