The vessels will be constructed over 1QFY2025 to FY2029.
Citi Research analyst Luis Hilado has upgraded Seatrium to “buy” after the group bagged $11 billion worth of contracts from Petróleo Brasileiro S.A. (Petrobras), Brazil’s national oil company. The contract “significantly boosts” Seatrium’s net order book, which stood at $16.2 billion as at the end of FY2023.
On May 25, Seatrium announced that it won an international tender from Petrobras for the newbuild supply of floating production storage and offloading (FPSO) vessels platforms P-84 and P-85. The high throughput FPSOs will be deployed in the Atapu and Sepia fields in the eastern part of the Santos Basin, some 200km offshore of Rio de Janeiro.
