Allianz | June 26, 2024 | 0 Comments

Seatrium Secures FPSO Topsides Integration Contract with MODEC

SINGAPORE, 6 May 2024 – Seatrium Limited (Seatrium or the Group) is pleased to announce
that it has secured a Floating Production Storage and Offloading (FPSO) topsides integration
contract from longstanding customer, Offshore Frontier Solutions Pte. Ltd., a MODEC Group

The contract scope of work covers the installation and integration of topside modules onboard
the FPSO Errea Wittu, and includes completion and commissioning support for MODEC.

Mr Marlin Khiew, Executive Vice President, Oil & Gas (Americas) of Seatrium, said, “We are
pleased to be working with our longstanding customer, MODEC, on yet another FPSO
topsides integration project, solidifying our position as the industry leader in FPSO
conversions. Through our strong partnership and unwavering dedication, including decades
of collaboration with MODEC, we continue to deliver cutting-edge offshore solutions that
redefine excellence. Leveraging our deep engineering expertise, international yard footprint,
and strong track record, Seatrium provides innovative, reliable, quality, and value-added
offshore and marine solutions for our esteemed customers.”

The FPSO Errea Wittu will be deployed in the Uaru Field, Stabroek Block, approximately 200
kilometers offshore Guyana. The FPSO Errea Wittu is expected to have a production capacity
of 250,000 barrels of oil per day (bopd), water injection capacity of 350,000 barrels of water
per day (bwpd), 540 million cubic feet per day (mmscfd) of gas production and a storage
capacity of two million barrels of oil.

Over the years, Seatrium has built a strong track record in the FPSO space, including
delivering a significant number of FPSO projects for MODEC since its first FPSO conversion
Whakaaropai in 1996. The Group is currently undertaking integration work for FPSO
Bacalhau, which will be operating in the Bacalhau field, Santos Basin, offshore Brazil.
Separately, BrasFELS, Seatrium’s yard in Angra dos Reis, Brazil, is also currently executing
topside modules fabrication for FPSO Raia.

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