Petroleum Africa
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Thursday, May 12, 2016
EMAS Offshore Ltd. announced that since the start of Q3 FY2016, it has secured new awards and letter of intents for charters amounting to approximately $32 million, including options.
Concentrated in Malaysia, Thailand, Myanmar and Vietnam, these contracts also comprise of awards from the West Africa region.
These new charters will see EMAS Offshore’s Anchor Handling Tug, Anchor Handling Tug and Supply, and Platform Supply vessels supporting NOCs, international oil companies, and other offshore contractors on drilling operations and cargo supply runs for offshore oil field projects in their production phases.
Commenting on these recent contract wins, Captain Adarash Kumar, CEO of EMAS Offshore said: “Despite weakness in the offshore support sector and the ongoing volatility in oil prices, our team is working hard to keep utilization at a sustainable level. These contract wins are a testament to the team’s ongoing efforts as well as the strength of our offerings in Southeast Asia and West Africa. Moving forward, we aim to further improve utilization rates and operational efficiencies to tide us through this challenging period.”
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