Seatrium Awarded Repeat FPSO Integration Contract from SBM Offshore

Seatrium Limited (Seatrium or the Group) is pleased to announce that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel.
Mr Marlin Khiew, Executive Vice President, Oil & Gas (Americas) of Seatrium said, “We are
honoured to be able to support SBM Offshore and ExxonMobil Guyana in contributing to the oil
and gas industry in Guyana with yet another FPSO for deployment in the Stabroek block. FPSO
Jaguar reinforces Seatrium’s standing as the world leader in the conversion and integration of
FPSOs, marking our 29th major project for SBM Offshore, a strong affirmation of our client’s
confidence in Seatrium as a partner of choice in floating production systems.”
Seatrium’s scope of work includes the fabrication of several topsides modules, riser, mooring and
umbilical structures, followed by the installation and integration of these structures and all topside
modules for the FPSO Jaguar. The Group will also support SBM Offshore with pre-commissioning
and commissioning work.
The FPSO Jaguar is designed to produce 250,000 barrels of oil per day (bopd) and an associated
gas treatment capacity of 540 million cubic feet per day (mmscfd), water injection capacity of
300,000 barrels of water per day (bwpd), and a storage capacity of two million barrels of oil.
Work is expected to commence in the third quarter of this year; upon completion, the FPSO will
be deployed to serve in the Whiptail Field, Offshore Stabroek Block, Guyana for ExxonMobil
Guyana.
To date, Seatrium has been involved in delivering three FPSO projects, namely FPSO Liza
Destiny, FPSO Liza Unity and FPSO Prosperity, as part of the series of FPSOs bound for the
Stabroek block in offshore Guyana. Seatrium is also on track to deliver its fourth Guyanese FPSO
project, ONE GUYANA FPSO to SBM. In recent years, Guyana has emerged as the world’s
fastest-growing oil region since its first offshore discovery back in 2015.