The range of contracts include upgrades and conversions of floating storage regasification units (FSRU) where the group will convert three liquefied natural gas carriers (LNGCs) into FSRUs with an option for a fourth project. The conversion work, which will be done for Turkish energy company, Karpowership, involves installing a regasification skid, as well as other supporting systems such as cargo, utility, spread-mooring, offloading, electrical, and automation systems.
Seatrium, on April 3, announced that its repairs and upgrades department has secured a series of major contracts with an aggregate value of $350 million.
The contracts will be completed by the end of 2025.
