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An update from Seatrium Limited ( (SG:5E2) ) is now available.
Seatrium Limited has secured a contract from BP Exploration and Production Inc for the Tiber Floating Production Unit (FPU) project in the Gulf of America, marking its second consecutive deepwater project for BP. This project strengthens Seatrium’s relationship with BP and highlights its growing expertise in the FPU segment. The Tiber FPU, with a production capacity of 80,000 barrels per day, will utilize advanced technologies and replicate over 85% of the design from a previous project, enhancing efficiency and safety. This contract reinforces Seatrium’s position as a leading provider of deepwater energy solutions and demonstrates its commitment to supporting BP’s offshore developments.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$2.67 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Seatrium Limited operates in the engineering and construction industry, focusing on the development of deepwater energy solutions. The company specializes in the engineering, procurement, construction, and commissioning of floating production units (FPUs) and has a significant presence in the Gulf of America.
Average Trading Volume: 11,290,578
Technical Sentiment Signal: Sell
Current Market Cap: S$7.06B
See more insights into 5E2 stock on TipRanks’ Stock Analysis page.