Seatrium Limited announced that it has been awarded a Letter of Intent (LOI) by BP Exploration & Production Inc. (bp) to provide services to carry out certain early engineering works pending the finalisation of a definitive contract for engineering, procurement, construction and commissioning work for bp's Kaskida Floating Production Unit (FPU) project in the US Gulf of Mexico. The Kaskida project is a greenfield development located approximately 250 miles southwest of New Orleans, in the Keathley Canyon area of the Gulf of Mexico. Comprising a single topside module supported by a four- column semi-submersible hull, the Kaskida FPU is supported by subsea production wells located in a water depth of approximately 6,000 feet.

The EPC contract award is subject to mutually agreed terms and conditions and management approval, and the final investment decision by bp.