SBM Offshore has signed a ten-year agreement with Esso Exploration & Production Guyana (aka ExxonMobil Guyana) for the operation and maintenance of floating production storage and offloading (FPSO) units.

The agreement covers the FPSOs Liza Destiny, Liza Unity, Prosperity and One Guyana.

This agreement sets forth the new conditions for the company’s Guyana FPSO fleet operations for ten years up to 2033.

All units have the same terms and lengths of lease; the FPSO Liza Destiny has a ten-year lease while Liza Unity, Prosperity and One Guyana have leases of up to two years.

Following the end of the lease period, the client will become the FPSOs’ owner.

SBM Offshore CEO Bruno Chabas said: “We are very pleased with the contract concluded with ExxonMobil Guyana leveraging both companies’ recognised operating excellence. This contract capitalises on our developments in Guyana to date, positioning the company for long-term operations in the country.

“This integrated operation model is the first of its kind in the industry and extends our relationship with ExxonMobil Guyana by integrating further our teams. We believe it is the optimal solution to achieve excellence in the operation of Guyanese assets, bringing value to all stakeholders and setting a new performance benchmark for the industry.”

Separately, TechnipFMC announced that it has secured a large contract from ExxonMobil Guyana for an underwater production system for the Uaru project.

TechnipFMC will be responsible for providing project management, engineering and manufacturing for the production system.

TechnipFMC president of subsea Jonathan Landes said: “We are very proud to continue our relationship with ExxonMobil Guyana through this award, which is our fifth within the Stabroek block.

“This is ExxonMobil Guyana’s first project utilising our Subsea 2.0 system, which leverages our configure-to-order model to deliver on an accelerated schedule.”