Seatrium (SGX:5E2) signed a contract with BP Exploration and Production for the Kaskida Floating Production Unit (FPU) project in the US Gulf of Mexico, according to a filing with the Singapore Exchange on Tuesday.
The project is located in the Keathley Canyon are of the Gulf of Mexico and is supported by subsea production wells located at a depth of around 6,000 feet.
Seatrium will use its Goliath twin cranes that will integrate and lift the topsides of Kaskida to the hull, which is is expected to improve optimal readiness and reduce safety risks.
Shares of the marine and offshore company were up nearly 2% in recent trading.
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