NETHERLANDS; SINGAPORE —Seatrium Limited has been awarded a major contract valued at over S$200 million by SBM Offshore N.V. for a floating production storage and offloading integration project. Under the agreement, the scope of work includes the fabrication of key mooring and riser support structures, flare tower and associated topside support structures, vessel modification, drydocking activities, and topside module integration. Additional responsibilities encompass mechanical completion, pre-commissioning works, and support for final commissioning and sea trials. Project execution is scheduled to begin in the fourth quarter of 2026, with final delivery targeted for 2029.
Headquartered in Singapore, Seatrium Limited provides specialized engineering solutions for the global offshore, marine, and energy sectors, operating an integrated network across 15 countries with over 60 years of industry experience. SBM Offshore N.V. is a global leader in floating production solutions specializing in the design, supply, installation, and operation of offshore floating facilities.
This contract reinforces ongoing collaborative ties between the two entities and supports deep-water exploration and production activities in South America. The initiative addresses growing capacity demands for complex floating infrastructure designed to handle large-scale hydrocarbons extraction. By securing this multi-year project, the engineering firm strengthens its backlog and solidifies its positioning within the specialized offshore conversion and integration sector.
The development highlights continuous capital expenditure by major energy operators toward offshore production assets in South American basins. Engineering, procurement, and construction providers face heightened demand for technical execution certainty, stringent safety standards, and adherence to complex delivery timelines. Regional supply chains tied to marine fabrication, heavy lifting, and specialized offshore equipment stand to benefit from sustained activity throughout the multi-year execution window.
