EMAS Offshore secured additional options for extensions on an existing contract, as well as new awards for charters with an oil major and independent oil company in West Africa and Asia valued at more than US$33 million (including options).
In West Africa, EMAS Offshore’s PSV will be providing sea transportation services for an oil major. In Asia, EMAS Offshore’s contract is with an independent oil company. The charter is for the provision of one AHTS and the scope of work includes transportation of personnel, materials and supplies and to provide storage for materials and supplies.
“Our strategy to focus our bidding activities in West Africa will allow us to increase penetration in this market whilst maintaining dominance in Asia amidst this muted oil and gas environment,” said Adarash Kumar, EMAS Offshore’s CEO.
The average duration for the contracts is approximately 2.4 years (including the extension on an existing contract) and work is expected to commence in 1Q 2016.