News of this MOU, announced before trading, spurred Seatrium shares to gain 27 cents, or 11.74% to $2.57 thus far on Feb 13, extending a 6.48% gain the day earlier. Seatrium was the second most actively traded stock.
Seatrium has signed an MOU with bp for the construction of a second floating production unit to be deployed in the body water that was recently renamed by the US as the Gulf of America.
The Tiber FPU, says Seatrium on Feb 13, will be used by the oil major to support its deepwater assets in the body known for years as the Gulf of Mexico.
