Seatrium Limited announced that it has secured a major Floating Production Storage and Offloading integration contract valued at over S$200 million from SBM Offshore N.V. a global leader in floating production solutions.
The award reinforces Seatrium’s longstanding partnership with SBM Offshore and reflects the continued confidence placed in the Group’s proven offshore engineering, construction and integration capabilities. The FPSO will support offshore developments in South America and reinforces the Group’s leadership in delivering complex FPSO integration projects for leading offshore energy customers.
Mr Marlin Khiew, Executive Vice President of Seatrium Energy (Projects) & President, LATAM, said, “This award reinforces our longstanding partnership with SBM Offshore and reflects the strength of our proven execution capabilities across complex FPSO projects. Leveraging the experience and lessons learned from previous projects, together with our engineering expertise and established track record of delivery with certainty, we are proud to support South America’s offshore development and its growing role in global energy supply, contributing to greater energy security and long-term economic growth.”
Under the contract awarded, Seatrium’s scope of work comprises the fabrication of key mooring and riser support structures, flare tower and associated topside support structures, vessel modification and drydocking activities, as well as the integration of topside modules. The scope also includes mechanical completion activities, selected pre-commissioning works, and support for commissioning and sea trials.
Project execution is expected to commence in the fourth quarter of 2026, with completion scheduled for 2029.