SBM Offshore Picks Seatrium for South American FPSO Project

Seatrium has secured a floating production, storage and offloading (FPSO) vessel integration contract worth over $155 million (S$200) million from SBM Offshore for offshore developments in South America.

The contract covers the fabrication of key mooring and riser support structures, a flare tower and associated topside support structures, as well as vessel modification, drydocking and topside module integration.

Seatrium will also undertake mechanical completion activities, selected pre-commissioning work and provide support for commissioning and sea trials.

Project execution is expected to begin in the fourth quarter of 2026, with completion scheduled for 2029.

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