Seatrium Secures FPSO Topsides Integration Contract with MODEC
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 11.26am, shares in Seatrium are trading at S$1.82 in suspension.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10