Icon Offshore Bags Contract from Petronas

April 8, 2019

Image: Icon Offshore Bhd
Image: Icon Offshore Bhd

The largest offshore support vessel (OSV) provider in Malaysia, Icon Offshore Bhd said that its wholly owned subsidiary Icon Offshore Group Sdn Bhd (IOGSB) has secured a contract from Petronas Carigali Sdn Bhd for the provision of straight supply vessel.

The pure-play OSV provider said in a stock exchange annoucement that  its unit had on April 2, 2019 received the approval to release the announcement regarding the work order award.

“The commencement date of the work order award in respect of vessel Tanjung Pinang 2 is March 7, 2019 for a period of 180 days, with an extension option of 180 days,” it said.

In a separate filing, the company said three of the Petroleum Arrangement Contractors (PACs) had also awarded Icon Offshore Group collectively five contracts for the provision of offshore support vessels for the PACs’ Production Operations via five letters of award.

The contracts commenced when the vessels were on hired between September to December last year. The extension options shall be exercised subject to approval obtained from the PACs respectively.



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