Construction will start in the first quarter next year and be completed in 2029.
Seatrium has won the much-anticipated orders worth $11 billion to build two FPSOs for key customer Petróleo Brasileiro (Petrobras).
The $11 billion from these two floating production and storage and offloading vessels, dubbed P-84 and P-85, will be a significant boost to the company's net order book of $16.2 billion as indicated in its AGM presentation in April.
