Seatrium successfully delivers floating production unit for Gulf of Mexico project

The FPU was for the contract that was signed with Shell Offshore in November 2019.

Seatrium has successfully delivered its floating production unit (FPU) for deployment in the Gulf of Mexico.

The FPU, which was for the contract that was signed with Shell Offshore in November 2019, was delivered on time and within the budget.

The completed FPU comprises a topside module and a four-column semi-submersible floating hull of over 22,000 tonnes.

The project is said to have scored 96% on international standards for health, safety, and environment and complies with the International Association of Oil & Gas Producers (IOGP) 577 standards as well as the US Coast Guards statutory requirements.

"We are delighted to have successfully delivered the Whale FPU project, which marks a significant milestone in our journey as we continue to expand our footprint in the offshore market. We are committed to providing innovative and comprehensive solutions for a diverse range of offshore and marine applications. Our successful delivery of the Whale FPU project is a testament to our capabilities and expertise,” says Chris Ong, CEO of Seatrium.

Shares in Seatrium closed 0.4 cents lower or 3.31% down at 11.7 cents on Oct 19.

See Also:

• Click here to stay updated with the Latest Business & Investment News in Singapore

• Seatrium to promote energy transition and sustainability through partnerships with NUS

• UOBKH adds Marco Polo Marine and RH Petrogas, removes Delfi, LHN Group and Yangzijiang from October alpha picks

• Seatrium secures US$500 mil facility with a sustainability-linked conversion option

• Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World

• Get in-depth insights from our expert contributors, and dive into financial and economic trends

• Follow the market issue situation with our daily updates

• Or want more Lifestyle and Passion stories? Click here