According to the group, its repairs and upgrades segment continued to do well in the 3QFY2024 and the 9MFY2024. During the nine month period, Seatrium completed 192 repairs & upgrades projects, including Asia Vision, the first in a series of four liquefied natural gas (LNG) fleet upgrades for Chevron. The group completed 59 repairs and upgrades in the 3QFY2024 alone.
Seatrium says it has a net order book of $24.4 billion as at Sept 30 in its business update for the 3QFY2024 ended September. The group’s net order book comprises 30 projects with deliveries till 2031.
Year to date, Seatrium has delivered three projects to its customers including the fourth newbuild jackup rig to Borr Drilling as well as a refurbished floating production unit (FPU) to Salamanca FPS Infra.
