The Tiber FPU is the offshore and marine company’s second consecutive deepwater project for bp, following the Kaskida FPU which was awarded in December 2024.
Mainboard-listed Seatrium has secured the contract for a newbuild FPU from bp, bringing the value of its 2025 contract wins to more than $2 billion.
Under the contract, Seatrium will undertake the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit (FPU) project.
