Yahoo Finance Seatrium inks MOU with Shell to work together on floating production systems
Seatrium and Shell have worked together on various projects previously including the recently-announced Sparta FPU.
Seatrium has signed a non-binding memorandum of understanding (MOU) with Shell Global Solutions International B.V. (Shell) to further collaborate on opportunities in floating production systems.
The MOU will focus on driving project standardisation and replication. It will also promote best practices in the design and construction of floating production systems. Under the MOU, both parties will tap on their previous experiences and know-how from previous projects to replicate their successes.
Seatrium and Shell have worked together on various projects previously including the recently-announced Sparta floating production unit (FPU), which is conceived as a replicable project to leverage Seatrium’s topsides single lift integration methodology.
“We are pleased to deepen our collaboration with Shell, leveraging both parties’ competencies and technologies in past floating production systems projects. We look forward to continue working with Shell to mutually learn and develop best-in-class project management practices to achieve operational efficiency in future floater projects, benefitting both parties,” says William Gu, executive vice president of Seatrium Oil & Gas (International).
As at 9.30am, shares in Seatrium are trading 0.1 cent lower or 1.24% down at 8 cents.
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