Seatrium Limited (SG:5E2) has released an update.
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Seatrium Limited has secured a significant contract with BP Exploration and Production Inc to engineer, procure, construct, and commission a new deepwater Floating Production Unit in the Gulf of Mexico. This project, located in the Keathley Canyon area, will leverage Seatrium’s innovative Goliath twin cranes for efficient assembly, highlighting the company’s expertise in the field. The Kaskida FPU is set to produce 80,000 barrels of crude oil per day, marking Seatrium’s fourth successful FPU project in the region.
For further insights into SG:5E2 stock, check out TipRanks’ Stock Analysis page.
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