KUALA LUMPUR: SapuraCrest Petroleum Bhd’s wholly-owned units TL Offshore PLSV1 Ltd and TL Offshore PLSV2 Ltd have entered into contracts with IHC Offshore and Marine BV for the construction and purchase of two 550-tonne pipelay support vessels.
Without disclosing the price of the vessels, the oil and gas engineering firm said the first and second vessel would be completed and delivered to PLSV1 and PLSV2 within 30 months (May 30, 2014) and 33 months (Aug 29, 2014) respectively from Nov 30, 2011. The company will finance the construction and purchase of the vessels via internal funds and borrowings.
“With the deployment of these vessels, we will be able to enhance our market share by growing the revenue stream within our existing core business. After delivery, the vessels will be slotted to carry out the services under the Petrobras contracts,” SapuraCrest said in filing with Bursa Malaysia yesterday.
This article appeared in The Edge Financial Daily, January 13, 2012.
Without disclosing the price of the vessels, the oil and gas engineering firm said the first and second vessel would be completed and delivered to PLSV1 and PLSV2 within 30 months (May 30, 2014) and 33 months (Aug 29, 2014) respectively from Nov 30, 2011. The company will finance the construction and purchase of the vessels via internal funds and borrowings.
“With the deployment of these vessels, we will be able to enhance our market share by growing the revenue stream within our existing core business. After delivery, the vessels will be slotted to carry out the services under the Petrobras contracts,” SapuraCrest said in filing with Bursa Malaysia yesterday.
This article appeared in The Edge Financial Daily, January 13, 2012.
