Vallianz wins major Middle East deal

Firm will supply two self-elevating platforms to a national oil company

The deal could run until 2022.
The deal could run until 2022.

Vallianz Holdings has clinched charter deal valued at up to $300mn to supply two self-elevating platforms to a national oil company (NOC) in the Middle East.

Both vessels are expected to be deployed from the third quarter of 2015 for a period of five years, with the customer having an option to extend the charter for another two years until 2022.

The vessels are self-elevating platforms which will be used to perform well servicing for the NOC’s offshore platforms and well structures in the Arabian Gulf.

The self-elevating platforms are self-propelled, equipped with cranes and capable of supporting various offshore operations, from wire line intervention activities and wellhead maintenance to the transportation of materials, equipment and personnel.

Chief Executive Officer of Vallianz, Mr Ling Yong Wah said, “This is the first time the Group will be supplying this type of self-elevating platforms and we are honoured that the NOC has once again selected Vallianz to support its vast offshore oil and gas operations in the Middle East.

“This contract reinforces Vallianz’s superior advantage as a premier supplier of offshore support vessels to the NOC, and validates the Group’s ongoing strategy to widen our product offering with more specialised vessels.”

As project manager for this contract, Vallianz will work closely with the NOC and take responsibility for overseeing the deployment and offshore activities of the self-elevating platforms for the customer’s operations.
 

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Oil & Gas Middle East - September 2020

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