Seatrium Secures Major Gulf of Mexico Oil Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
0mins
Should l Buy ?
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.
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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.
