Intan Extends Charter for 5 OSVs to Emas Offshore by 2 Years for $23M

Malaysia's Perisai Petroleum Teknologi Berhad reported that Emas Offshore Pte Ltd. has exercised an option to extend the bareboat charter for five offshore support vessels with Intan Offshore Group, the 51 percent unit of the firm's subsidiary Intan Offshore Sdn Bhd and its subsidiaries for a further two years, it said in a filing on local stock exchange Bursa Malaysia Thursday.

Under the original contract, Intan Offshore chartered the five vessels -- Lewek Emerald, Bayu Intan, Lewek Eagle, Lewek Mallard and Lewek Swift -- to Emas Offshore for three years from Sept. 1, 2012 to Aug. 31, 2015, including an option for a two year extension.

With the extension, the five offshore support vessels will continue working for Emas Offshore unti Aug. 31, 2017.

"The aggregated daily charter hire for the Extension Charters payable to the Intan Group is $31,630.00 per day. The expected value of the Extension Charters amounts to approximately $23 million," Perisai said in the company filling.



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

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Total Sells Gabon Assets to Perenco fo... (Feb 27)
 -  Transformative Role of 3D Printing in ... (Feb 27)
 -  Roxi, Baverstock Looking to Merge Erag... (Feb 27)
 -  EASA Issues EC 225 LP Helicopter Airwo... (Feb 27)
 -  Lundin Norway Makes Oil, Gas Find in B... (Feb 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical Maintenance Technician
Expertise: Maintenance Technician
Location: Salt Lake City, UT
 
Maintenance Technician
Expertise: Mechanic
Location: Midland, TX
 
Industrial Rail Car Technician
Expertise: Laborer|Maintenance Technician
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.99/BBL 1.04%
Light Crude Oil : $53.99/BBL 0.84%
Natural Gas : $2.63/MMBtu 0.38%
Updated in last 24 hours