Netherlands-based SBM Offshore is making headway in piecing together a floating production, storage, and offloading (FPSO) vessel, which will be deployed on the U.S.-based ExxonMobil’s sixth deepwater oil development project at the Stabroek block off the coast of Guyana.

The progress, which the Dutch player describes as an “exciting milestone” for the FPSO Jaguar , follows a steel strike ceremony that took place at Guyana Shore Base Incorporated (GYSBI) on November 12, 2024, setting in motion the production of over 300 metric tons of fabricated fixtures for the Stabroek block-bound vessel.