Vallianz wins contract worth up to US$300mln to supply two self- elevating platforms
Vallianz Holdings Limited, a fast growing provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has clinched a time charter valued at up to US$300 million to supply two self- elevating platforms, the company said in its press release.
The Group was awarded the contract by an existing customer in the Middle East (the “ NOC ”), which is one of the world’s largest national oil companies. Both vessels are expected to be deployed from the third quarter of 2015 for a period of five years, with the customer having an option to extend the charter for another two years until 2022. The vessels are self-elevating platforms which will be used to perform well servicing for the NOC’s offshore platforms and well structures in the Arabi an Gulf. These self-elevating platforms are self- propelled, equipped with cranes and capable of supporting various offshore operations, from wire line intervention activities and wellhead maintenance to the transportation of materials, equipment and personnel.
As project manager for this contract, Vallianz will work closely with the NOC and take responsibility for overseeing the deployment and offshore activities of the self-elevating platforms for the customer’s operations. In December 2014, the Group secured a five-year tim e charter award worth US$97 million with the NOC to supply a customized offshore floating storag e and supply vessel (“ OFSSV ”). The OFSSV will be the first of its kind to be deployed in the Middle East when the contract commences in the third quart er of 2015. Vallianz presently has 26 Anchor Handling Tug and Supply vessels and Platform Supply Vessels operating in the Middle East.
About Vallianz Holdings Limited
Vallianz Holdings Limited is a fast growing provider of offshore support vessels and integrated offshore marine solutions to the oil and gas industry. Headquartered in Singapore, the Group provides offshore marine services to oil majors and national oil companies worldwide. To day, Vallianz owns a young fleet of 39 offshore support vessels and covers markets in Asia Pacific, the Middle East and Latin America.
