Seatrium wins floating production unit contract from BP

The Edge Singapore

2024-12-23

The unit will be used in the Gulf of Mexico

Seatrium has been given a contract by BP Exploration and Production Inc (bp) to build the Kaskida Floating Production Unit (FPU) to be used in the US Gulf of Mexico.

The contract value was not disclosed in Seatrium's announcement on Dec 24.

The Kaskida FPU comprises a single topside module supported by a four-column semi-submersible hull.

It has the capacity to produce 80,000 barrels of crude oil per day from six wells in the first phase of development.

Seatrium shares closed at $1.93 on Dec 23, up 1.05%.

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