Singapore: Offshore support vessel operator Vallianz Holdings has won a time charter contract for two self-elevating platforms in the Middle East, valued at up to $300m.
The five year charter contract, which includes a two-year extension option, is with an existing national oil company customer and is expected to commence in the third quarter of 2015. The platforms will be used in the Arabian Gulf.
Ling Yong Wah, CEO of Vallianz, said, “This is the first time the group will be supplying this type of self-elevating platforms and we are honoured that the NOC has once again selected Vallianz to support its vast offshore oil and gas operations in the Middle East. This contract reinforces Vallianz’s superior advantage as a premier supplier of offshore support vessels to the NOC, and validates the Group’s ongoing strategy to widen our product offering with more specialized vessels.”
Vallianz said it will work closely with their client and take responsibility for overseeing the deployment and offshore activities of the platforms for their client’s operations.