The net cash proceeds have been primarily used for the full repayment of the US$1.74 billion project financing and as such materially decreased SBM Offshore’s net debt position.
One Guyana has been on-hire since August 2025. It will continue to be operated through what SBM Offshore said is an integrated operations and maintenance model, combining SBM Offshore’s and ExxonMobil Guyana’s expertise and experience.
SBM Offshore said the impact of the transaction will be included in the company’s 2026 guidance as part of the full year 2025 earnings release, which is scheduled for February 26, 2026.
