RigCo will fund the work from existing cash. The drillship and jack-up are expected in 2027 and 2028, respectively, while construction plans for the two semi-submersibles remain under assessment.
Seatrium’s work includes equipment integration, mechanical completion and pre-commissioning, with the first Whale Class vessel targeted to reach its Singapore yard in December 2027.
Petrobras’ P-82 FPSO departed Singapore for Brazil’s Búzios field on 18 October. The 225,000-bpd production unit is expected to begin operations in 2027 as the field’s tenth platform.
Seatrium has secured its ninth FSRU conversion for Karpowership, with Arctic Voyager set to become LNGT Akdeniz for Kinetics and delivery targeted for Q3 2028.
Petrobras’ P-80 FPSO has left Seatrium’s Singapore yard for Brazil, where the 225,000-bpd unit is expected to begin operations at the Búzios field in early 2027.
Bluewater’s Aoka Mizu FPSO has arrived in Singapore for refurbishment at Seatrium. The vessel is being prepared for the Sea Lion offshore oil project in the Falkland Islands, with first oil targeted for Q1 2028.
Hoegh Evi is considering FSRU newbuildings alongside LNG carrier conversions, while Zeeland Energy Terminal and the Hoegh Gandria conversion progress.
Seatrium has delivered LNGT Turkiye, completing the seventh LNG carrier-to-FSRU conversion for Karpowership under an eight-year programme at its Admiralty yard in Singapore.
Seatrium has launched a S$200 million share buyback programme, twice the size of its previous plan, after completing the S$100 million programme on 1 September 2026.
