The project will be undertaken by Seatrium’s BrasFELS shipyard located in Angra dos Reis, Rio de Janeiro, Brazil, and is expected to commence work in the first quarter of 2024.
"We are pleased to partner with MODEC on yet another FPSO topside modules fabrication project, affirming Seatrium’s position as a leading global player in FPSO newbuilds and conversions. Over the years, we have leveraged our deep engineering expertise, international yard footprint and strong track record to deliver over 260 floating production unit (FPU) and FPSO conversions & newbuilds, solidifying our market leadership in this product segment,” says Marlin Khiew, executive vice president, oil & gas (Americas), Seatrium.
As at 11.40am, shares in Seatrium are trading 0.1 cent higher or 0.98% up at 10.3 cents.
