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!


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
 -  OMV Petrom, Hunt Oil Start Experimenta... (Dec 9)
 -  Waitsia JV Approves 2017 Development A... (Dec 9)
 -  SapuraKencana: Short-Term Industry Out... (Dec 8)
 -  Oil Flows From Otakikpo Marginal Field... (Dec 8)
 -  Plexus: More Cuts Expected (Dec 8)

Most Popular Articles

From the Career Center
Jobs that may interest you
Technician, Pipeline Trainee (Crude) (Midland, TX)
Expertise: Instrumentation Technician
Location: Midland, TX
United States Kilgore: Service Specialist I - Service Tools
Expertise: Instrumentation Technician
Location: Kilgore, TX
United States Hebbronville: Treater Driver-MultiChem, III
Expertise: Heavy Machinery Operator|Truck / HGV Driver
Location: Hebbronville, TX
search for more jobs

Brent Crude Oil : $54.33/BBL 0.81%
Light Crude Oil : $51.5/BBL 1.29%
Natural Gas : $3.75/MMBtu 1.35%
Updated in last 24 hours