PT Rig Tenders to Build New Accommodation Vessel



PT Rig Tenders is planning to purchase a new accommodation vessel worth $7.73 million to meet an increase in demand from oil and gas companies operating in Indonesia. The vessel will be built at China's Fujian Mawei Shipbuilding.

The 5,100 metric ton vessel, which is expected to begin operations in 2004, will be in service to CNOOC for its Java Sea operations employees' accommodation and activities. The vessel will be able to accommodate 250 people.

Chuan Hup Holdings Ltd. holds a 49% stake in Rig Tenders.
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