General – FPU Contract
Singapore-based Seatrium is in advanced discussions with BP regarding the potential award of the Tiber floating production unit (FPU) contract.
The negotiations come more than six weeks after the UK supermajor made the final investment decision (FID) for the Tiber project, located in the US Gulf of Mexico.
The Tiber FPU, a critical component of BP’s deepwater development strategy, is designed to process hydrocarbons from one of the Gulf’s largest ultra-deepwater oil fields. The project highlights BP’s ongoing commitment to maintaining and expanding production in key offshore regions while leveraging cutting-edge floating production technology.
While final contract terms have yet to be confirmed, Seatrium’s engagement signals confidence in its fabrication capabilities and offshore engineering expertise.
The FPU contract is expected to involve complex engineering, procurement, and construction (EPC) work, including the integration of topside processing modules, subsea infrastructure, and floating support systems.
