ExxonMobil Expands South America Presence with Guyana FPSO Deal and Colombia Arbitration Resolution

ExxonMobil has agreed to acquire the FPSO ONE GUYANA from SBM Offshore for $2.32bn to support its production capacity and long-term oil output plans in Guyana's Stabroek block. The company also resolved an arbitration dispute in Colombia, gaining full rights and interests in the VMM-37 block. These moves focus on production infrastructure and legal clarity, important for long-life oil assets, and indicate ExxonMobil's concentration on South American resources and large offshore projects.