Vallianz lands Middle East contract

Singapore: Offshore vessel owner Vallianz Holdings Limited has announced it has secured a time charter with one of the world’s largest national oil companies in the Middle East.
 
The $97m deal, which is subject to formalistion, will see Vallianz supply a specialised vessel for up to five years to support the NOC’s oil and gas production activities in the Middle East. 
 
Vallianz ceo, Darren Yeo said, “This is the first time the NOC is considering deploying this type of vessel for its offshore projects. The award reaffirms the NOC’s confidence in our execution capabilities and demonstrates further traction in the Group’s status as a key OSV provider in the Middle East region. We believe the successful deployment of this vessel will place Vallianz in an advantageous position when bidding for similar contracts in the future.”
 
Including this award, the company’s order book stands at $626.4m. [15/12/14]
 
 
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