Written by Joseph Chin
Monday, 15 March 2010 19:15
KUALA LUMPUR: TANJUNG OFFSHORE BHD [] has secured long-term contracts from Petronas Carigali Sdn Bhd to provide two vessels for four and five years and the the contracts are valued at RM114.6 million.
The company said on Monday, March 15 that its unit Tanjung Offshore Services Sdn Bhd was awarded the contracts for the charter of two anchor handling tug and supply (AHTS) vessels. These contracts are expected to start this month and April.
Tanjung Offshore had on March 6 taken delivery of one of two vessels MV Tanjung Dahan 1 which would expand the fleet to 15 vessels. The second vessel, MV Tanjung Dahan 2 would be announced upon completion and commissioning in April.
It said the award of long term charter contracts and the deliveries of the two vessels were expected to contribute positively to the future earnings and net assets of Tanjung for the financial years ending Dec 31, 2010 and beyond.
"These AHTS vessels will be utilised to support the offshore operations of Petronas in Malaysian waters during the tenure of the contracts. The 60-metres AHTS vessel are designed and equipped to perform anchor handling and mobilisation of drilling rigs. These vessels are also capable to perform as safety vessels for offshore drilling and workover rigs on a 24 hours basis," it said.
