Seatrium Secures Major Gulf of Mexico Oil Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
0mins
Source: Business Insider
Seatrium Limited's New Contract: Seatrium Limited has secured a major contract with BP Exploration and Production Inc to engineer, procure, construct, and commission a new deepwater Floating Production Unit in the Gulf of Mexico, utilizing their Goliath twin cranes for efficient assembly.
Production Capacity: The Kaskida Floating Production Unit is expected to produce 80,000 barrels of crude oil per day, marking Seatrium’s fourth successful FPU project in the region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
