Petra Perdana Goes Shopping for AHTS Vessels

Petra Perdana Berhad's subsidiary, Perdana Venus Limited, has entered into two separate Memorandums of Agreement with Nam Cheong Dockyard Sdn Bhd to purchase new Anchor Handling Offshore Support Vessels. The purchase price is US $29,500,000 each.

Both the acquisitions are expected to complete upon the delivery of the respective vessels, which are to be constructed. One of the vessels is expected to be ready for delivery in December 2009, and the other in April 2010.

The acquisitions are in line with the fleet renewal plan of Petra Perdana Group in providing the marine support services to the offshore industry.