(Source: Shutterstock.com)
Seatrium Ltd. announced on Aug. 28 that it had signed a letter of intent (LOI) for construction work on Shell Offshore Inc.’s Sparta project in the deepwater Gulf of Mexico.
Shell is expected to make a final investment decision (FID) on the Sparta project later this year. The final contract award for Sparta is contingent on project FID.
The Sparta production semisubmersible is conceived as a replicable project between Shell and Seatrium to leverage Seatrium’s topsides single lift integration methodology, following the Vito and Whale newbuild facilities.
The Sparta floating production unit is conceived as a replicable project between Shell and Seatrium to leverage the Group's topsides single lift integration methodology, following the Vito and Whale newbuild facilities. It comprises a single topside module supported by a four column semi-submersible floating hull.
Shell operates the project with 51% interest on behalf of partner Equinor with 49% interest.
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