Seatrium Limited has secured a Floating Production Storage and Offloading (FPSO) integration contract valued at over USD 156.29 million from SBM Offshore N.V., a global leader in floating production solutions.

The announcement, dated October 30, 2026, was made in Singapore by the Singapore-headquartered engineering solutions provider.

Seatrium Secures FPSO Integration Contract for South America

According to the press release, the award reinforces Seatrium's longstanding partnership with SBM Offshore and reflects the continued confidence placed in the Group's proven offshore engineering, construction, and integration capabilities.

The FPSO will support offshore developments in South America and, the Group says, reinforces its leadership in delivering complex FPSO integration projects for leading offshore energy customers.

Scope of Work Covers Fabrication Through Commissioning Support

Under the contract, Seatrium's scope of work comprises the fabrication of key mooring and riser support structures, a flare tower, and associated topside support structures, as well as vessel modification and drydocking activities. The scope also includes the integration of topside modules.

Beyond fabrication and integration, the contract covers mechanical completion activities, selected pre-commissioning works, and support for commissioning and sea trials.

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

Executive Highlights Track Record and South America Focus

Mr Marlin Khiew, Executive Vice President of Seatrium Energy (Projects) and President, LATAM, said the award reinforces the company's longstanding partnership with SBM Offshore and reflects the strength of its proven execution capabilities across complex FPSO projects.

He noted that leveraging experience and lessons learned from previous projects, together with engineering expertise and an established track record of delivery with certainty, Seatrium is proud to support South America's offshore development and its growing role in global energy supply, contributing to greater energy security and long-term economic growth.

Seatrium's Position in the Offshore and Marine Sector

Seatrium Limited is headquartered and listed in Singapore and describes itself as a leading provider of specialised engineering solutions for the global offshore, marine, and energy sectors.

The company states that it plays a pivotal role in delivering offshore energy infrastructure assets globally that form the backbone of some of the world's essential energy systems.

With over 60 years of proven expertise, Seatrium operates across 15 countries through an integrated network of advanced yards, engineering and technology centres, supported by a workforce of more than 24,000 employees.

The Group's core business segments include Oil & Gas Newbuilds and Conversions, Offshore Wind, and Repairs & Upgrades. Its expanding product portfolio includes FPSOs, FPUs, Offshore Converter Platforms and a wide range of offshore installation vessels, among others.

Longstanding Customer Relationships and Energy Transition Role

Seatrium says its diversified business positions it to play a critical role in the global energy transition. The company cites longstanding customer relationships with the world's largest energy majors, asset operators and owners, and Transmission System Operators, which it says underscore its ability to consistently deliver high standards of safety, quality, and timeliness.

Amid the global energy transition, Seatrium states it has robust capabilities in developing new technologies and solutions such as Carbon Capture & Storage and New Energies. Guided by a culture of innovation and core values prioritising people, safety, and sustainability, the Group says it strives to create enduring value for all stakeholders.

Contract Details at a Glance

The contract, awarded by SBM Offshore N.V., is valued at over USD 156.29 million. The vessel will serve offshore developments in South America. Execution begins in the fourth quarter of 2026, with completion scheduled for 2029.

The scope spans fabrication of mooring and riser support structures, flare tower and topside support structures, vessel modification and drydocking, topside module integration, mechanical completion, selected pre-commissioning works, and support for commissioning and sea trials.

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