Murphy Oil Extends Charter for Perdana Petroleum's AHTS Vessel off Malaysia

Malaysia's offshore marine services provider to the upstream oil and gas industry Perdana Petroleum Berhad (PPB)  reported Wednesday that its subsidiary Perdana Nautika Sdn Bhd (PNSB) has secured an extension to its contract to supply an anchor hadling tug supply (AHTS) vessel to support Murphy Sabah/Sarawak Oil Co. Ltd.'s 2012/2014 Shallow Water Drilling Program offshore East Malaysia.

The extended charter, worth $9.4 million (MYR 30 million), will commence from June 27 to June 26, 2015, PPB said in an announcement on local stock exchange Bursa Malaysia.

Murphy had originally chartered the AHTS vessel June 28, 2012 from PNSB on a two year contract for $27 million (MYR 86 million) to work on the same drilling program.



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