BP selects Singapore yard for FPU construction
Singapore-based shipbuilder Seatrium has entered into a memorandum of understanding (MOU) with BP Exploration and Production for the engineering, procurement, construction and commissioning (EPCC) of a new floating production unit (FPU) for deployment in the US Gulf of America.
Under the MOU for the Tiber project, Seatrium would provide services to carry out the EPCC of a state-of-the-art FPU designed to support the development of BP’s deepwater assets in the US Gulf of America.
The Tiber FPU will be equipped with advanced technologies to enhance operational efficiency and safety, ensuring it meets the stringent requirements of deepwater production.
The Tiber discovery is located approximately 300 miles (480 kilometres) southwest of New Orleans in the Keathley Canyon area of the Gulf of America. BP and Seatrium will jointly define the initial works and EPCC scope under the MOU.
The Tiber contract award is subject to the final investment decision by BP, anticipated later in 2025.