Passive fund managers tend to construct their portfolios based on components of market indices.
The rig, FPSO Jaguar, as this FPSO is called, is designed to produce 250,000 barrels of oil per day.
Work is expected to commence in the third quarter of this year and when completed it will deployed to serve in the Whiptail Field, off Guyana, dubbed the world's fastest-growing oil region since reserves were discovered back in 2015.
To date, Seatrium is involved in three other FPSOs in Guyana. Seatrium says it is also on track to deliver its fourth Guyanese FPSO to SBM.
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