Seatrium lands $156.25m deal for South American FPSO project

The project execution is expected to begin in Q4 2026.

Singapore-based Seatrium has secured a floating production, storage, and offloading (FPSO) integration contract worth over $156.25m (SG$200m) from Dutch-based SBM Offshore N.V., supporting offshore developments in South America.

Project execution is expected to begin in the fourth quarter of 2026, with completion scheduled for 2029, Seatrium said in a statement on 30 October.

The group's scope of work includes fabricating key mooring and riser support structures, a flare tower and associated topside support structures, modifying and drydocking the vessel, and integrating topside modules.

It will also undertake mechanical completion activities, select pre-commissioning works, and support commissioning and sea trials.

(US$1 = SG$1.28)