Seatrium is preparing the P-80 and P-82 FPSOs to sail for Petrobras’ Búzios field offshore Brazil, where the two units will add a combined 450,000 bpd of oil production capacity. The FPSOs, which were christened Aug. 27 at Seatrium’s Tuas Boulevard Yard in Singapore, are expected to depart within weeks of each other for the Búzios field in the pre-salt Santos […]
Seatrium is advancing a series of non-core asset divestments expected to deliver more than S$50 million (US$39.5 million) in annualized operational cost savings by early 2026, as the offshore engineering group restructures its global yard footprint.
Seatrium Limited has announced the sale of its AmFELS Yard in Brownsville, Texas, to Karpower Valley LLC, an affiliate of Karpowership, for S$65 million. The divestment, executed through subsidiary Seatrium AmFELS, Inc., is part of the company’s strategy to streamline operations, boost capital efficiency, and unlock value from surplus assets.
Seatrium is a Singapore-based global solutions provider specialising in engineering, procurement, construction, upgrading and repair of offshore and marine assets. It has extensive capabilities in LNG systems and floating energy solutions, including dual-fuel and LNG-powered vessels.
“We are honored to be entrusted once again by Golar with this FLNG upgrading contract,” said Marlin Khiew, Executive VP, Energy (Americas), Seatrium. “FLNG Hilli Episeyo is a testament to the strong track record of the projects we have delivered to Golar over the years and reflects their confidence in Seatrium as a partner in the development, conversion and upgrading of high-quality, sustainable, and robust production units.”
“By uniting our world-class offshore engineering expertise with Karpowership’s pioneering energy solutions, we are advancing the development and deployment of rapid, reliable, and flexible power solutions to meet growing global energy demands, said Chris Ong, Chief Executive Officer of Seatrium.
Seatrium Limited has announced the impending delivery of the PETROBRAS 78 (P-78) – the first of a series of turnkey Floating Production Storage and Offloading vessels (FPSO), to Brazil’s Petrobras.
Singapore’s Seatrium has signed a letter of intent with specialist LPG and petrochemicals shipping company Solvang ASA for the installation and retrofitting of full-scale CCS systems on its VLGC fleet, Seatrium announced on Thursday.
The drill is the fifth and last of a series of class B jackup rigs that Seatrium has built for Bor Drilling. The first three were delivered in 2022 and 2023 and novated by Borr to ADNOC Drilling, while the fourth was delivered in August 2024.
KBR has been awarded engineering contracts by Singapore’s Seatrium Group to develop topsides facilities for two new FPSO units which will be deployed at Petrobras’s Atapu and Sepia fields in the Santos Basin, Brazil, KBR announced on Thursday.