Seatrium secures FPSO topsides integration contract with MODEC

As at 9.04am, shares in Seatrium are trading 0.1 cent lower or 1.09% down at 9.1 cents.

Seatrium has secured a floating production storage and offloading (FPSO) topsides integration contract from Offshore Frontier Solutions, a company of MODEC Group and a long-term customer of Seatrium’s.

The work includes the installation and integration of topside modules onboard the FPSO Errea Wittu, as well as the completion and commissioning support for MODEC.

The FPSO Errea Wittu will be deployed in the Uaru Field, Stabroek Block, approximately 200 kilometers offshore Guyana. It is expected to have a production capacity of 250,000 barrels of oil per day (bopd), water injection capacity of 350,000 barrels of water per day (bwpd), 540 million cubic feet per day (mmscfd) of gas production and a storage capacity of two million barrels of oil.

As at 9.04am, shares in Seatrium are trading 0.1 cent lower or 1.09% down at 9.1 cents.

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