Asia

Jaya in $20m East Africa coup

Singapore: Jaya Holdings has signed a contract to charter new build DP2 PSV “Jaya Vigilant” for a long term operation in the Indian Ocean, offshore Mozambique.

The contract is for two years and valued at over $20m, beginning late September 2013 after additional upgrades are carried out on the vessel to meet the charterer requirements. Work scope for the deal includes includes ROV support, survey work and core sampling.

Jaya Holdings ceo, Mr Venkatraman Sheshashayee, said: “International oil companies need increasingly versatile offshore support vessels to perform multiple tasks, especially in remote, frontier locations like East Africa, where there is no spot-market and only limited shore support." [26/08/13]

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