Australian offshore vessel operator Bhagwan Marine has announced that it has been awarded a multi-year, multi-vessel contract to provide marine support to American company Foss Teras Marine on a major oil & gas construction project in Russia’s Far East.
Bhagwan will utilise a number of vessels coming off charter in Australia’s North West Shelf region for the work, which commences in the second quarter of 2016.
“The recent downturn in the Australian offshore oil & gas industry has created significant opportunities and motivation for companies like us who are willing to explore other markets and regions”, commented Darren Kolln, Bhagwan Marine’s chief operating officer.
The company said the contract is an important part of its strategic expansion plans internationally.
