Seatrium announced that it has secured a series of major contracts with an aggregate value of S$350 million, to be completed by end 2025.
In particular, the company secured contracts to convert three LNG Carriers (LNGC) into Floating Storage and Regasification Units (FSRUs) for Karpowership, with an option for a fourth project. The conversion work involves installing a regasification skid, as well as other supporting systems such as cargo, utility, spread-mooring, offloading, electrical, and automation systems.
We thank our customers for their confidence in Seatrium’s capabilities and for entrusting us with these important projects. Each of these projects demand strong project management, engineering and strong Health, Safety, Security and Environment (HSSE) and quality standards. With our expertise and extensive track records, we are committed to deliver safe, timely and reliable projects to our customers.
..Alvin Gan, Executive Vice President of Seatrium Repairs and Upgrades, said.
The diverse range of complex contracts secured by Seatrium Repairs and Upgrades include the upgrades and conversions of Floating Storage Regasification Units (FSRU), life-extension and remediation works for Floating Production Systems, LNG carriers’ repairs, cruise ships’ repairs and refurbishments, offshore and naval works.
Seatrium has also secured a contract with MODEC Management Services Pte. Ltd, operator of the asset for Woodside Energy for the maintenance and upgrade of a Floating Production Storage & Offloading system (FPSO), the FPSO Pyrenees Venture. Scheduled to commence in 2Q 2024, the vessel is expected to be re-deployed back into production off the coast of Western Australia, Australia.
