Seatrium (SGX:5E2) secured an engineering, procurement, construction and onshore commissioning of the Tiber Floating Production Unit from BP Exploration and Production for the Gulf of America, according to a Wednesday filing with the Singapore Exchange.
The Tiber will have a production capacity of 80,000 barrels of crude oil per day and will produce from the Tiber and Guadalupe fields in the Keathley Canyon.
Shares of the marine and offshore infrastructure company were up over 3% in Wednesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments