Allianz | June 26, 2024 | 0 Comments

Seatrium Awarded Repeat FPSO Integration Contract from SBM Offshore

SINGAPORE, 16 May 2024 – Seatrium Limited (Seatrium or the Group) is pleased to announce
that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for
the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO)

Mr Marlin Khiew, Executive Vice President, Oil & Gas (Americas) of Seatrium said, “We are
honoured to be able to support SBM Offshore and ExxonMobil Guyana in contributing to the oil
and gas industry in Guyana with yet another FPSO for deployment in the Stabroek block. FPSO
Jaguar reinforces Seatrium’s standing as the world leader in the conversion and integration of
FPSOs, marking our 29th major project for SBM Offshore, a strong affirmation of our client’s
confidence in Seatrium as a partner of choice in floating production systems.”

Seatrium’s scope of work includes the fabrication of several topsides modules, riser, mooring and
umbilical structures, followed by the installation and integration of these structures and all topside
modules for the FPSO Jaguar. The Group will also support SBM Offshore with pre-commissioning
and commissioning work.

The FPSO Jaguar is designed to produce 250,000 barrels of oil per day (bopd) and an associated
gas treatment capacity of 540 million cubic feet per day (mmscfd), water injection capacity of
300,000 barrels of water per day (bwpd), and a storage capacity of two million barrels of oil.

Work is expected to commence in the third quarter of this year; upon completion, the FPSO will
be deployed to serve in the Whiptail Field, Offshore Stabroek Block, Guyana for ExxonMobil

To date, Seatrium has been involved in delivering three FPSO projects, namely FPSO Liza
, FPSO Liza Unity and FPSO Prosperity, as part of the series of FPSOs bound for the
Stabroek block in offshore Guyana. Seatrium is also on track to deliver its fourth Guyanese FPSO
project, ONE GUYANA FPSO to SBM. In recent years, Guyana has emerged as the world’s
fastest-growing oil region since its first offshore discovery back in 2015.

About Seatrium Limited

Seatrium Limited provides innovative engineering solutions to the global offshore, marine and
energy industries. Headquartered in Singapore, the Group has over 60 years of track record in
the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well
as in the repair, upgrading and conversion of different ship types.

The Group’s key business segments include Oil & Gas Newbuilds and Conversions, Offshore
Renewables, Repairs & Upgrades, and New Energies, with a growing focus on sustainable
solutions to advance the global energy transition and maritime decarbonisation.

As a premier global player offering offshore renewables, new energies and cleaner offshore &
marine solutions, Seatrium is committed to delivering high standards of safety, quality and
performance to its customers which include major energy companies, vessel owners and
operators, shipping companies, and cruise and ferry operators.

Seatrium operates shipyards, engineering & technology centres and facilities in Singapore, Brazil,
China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, the United Arab Emirates, the
United Kingdom and the United States.

Discover more at

For more information, please contact:

Ms Judy Tan
Head, Investor Relations and Corporate Communications
Tel No: +65 9710 9784

Ms Clarissa Ho
Senior Manager, Investor Relations and Corporate Communications
Tel No: +65 9632 1253