Petra Perdana Acquires New AHTS Vesse

Petra Perdana Berhad's subsidiary, Perdana Venus Limited, has entered an agreement with S K Line Company Limited to purchase one new Anchor Handling / Offshore Support Vessel for RM108,500,000-00.

The acquisition is expected to be completed upon the delivery of the vessel, which is to be constructed. The vessel is expected to be ready for delivery in May 2008.

This acquisition is in line with the fleet renewal plan of Petra Perdana Group in providing the marine support services to the offshore oil and gas industry. The purchase will be funded by internally generated funds and bank borrowings.