EMAS Offshore secured three new awards for charters with oil majors in West Africa and Thailand valued at more than US$24 million (including options).
In West Africa, EMAS Offshore’s anchor dandling tug and supply (AHTS) vessel will be providing sea transportation services that include towing, performing anchor handling and positioning of rigs and other floating structures for an oil major.
Over in the Gulf of Thailand, EMAS Offshore’s other two contracts are with EMAS Energy, an entity that belongs to the well services division of Ezra Holdings. One of the contracts is part of an integrated and comprehensive solution for an oil major in Thailand, and is a charter for a platform support vessel, while the other contract is for the provision of an AHTS vessel for a national oil company, both awarded after a competitive tendering process. The scope of work includes the provision of accommodation, towing, anchor handling and logistics support for oil and gas production platforms, and collectively is worth some $12 million.
The average contract duration for the contracts is approximately 1.1 years and the charters are expected to commence in 4Q of fiscal year 2015.