SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast of Guyana, which operated by ExxonMobil.

ExxonMobil Stabroek Jaguar CNOOC Douglas Wood Hess Guyana Exploration Petroleum Guyana Federal Trade Commission Chief Executive Officer International Chamber of Commerce FEED Guyanese GYSBI Dutch Designed