EOC Completes Sale of FPSO Perisai Kamelia

Singapore-listed Ezra Holdings Limited reported that associated company EOC Limited has completed the sale of its equity interest in FPSO Perisai Kamelia - previously FPSO Lewek Arunothai - to Perisai Petroleum Teknologi Bhd's wholly-owned subsidiary Perisai Production Holdings Sdn Bhd Aug. 21.

"Further to the announcement made Dec 1, 2012, the Board of Directors of Ezra Holdings Limited (the Company) wishes to announce that EOC, which is 45.7 percent owned by the Company, has completed the sale of 51 percent equity interest in the entities owning and operating FPSO Perisai Kamelia to Perisai Production Holdings Sdn Bhd (a wholly owned subsidiary of Perisai Petroleum Teknologi Bhd, an associate of the Company) Aug. 21, Ezra said in a press release.

Prior to the sale to Perisai, FPSO Lewek Arunothai has been chartered by Hess Exploration and Production Malaysia for three years in a deal worth $272.1 million, with an option to further extend three years for $271.1 million. Under the charter, the FPSO will deploy to the North Malay Basin, Malaysia as part of a fast-track gas production project by Hess.

Have a news tip? Share it with Rigzone!
Email news@rigzone.com


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Diesel Mechanic for Williston, ND!
Expertise: Mechanic
Location: Williston, ND
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Sr Machine Maintenance Technician
Expertise: Machinist
Location: Godley, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours