EMAS Offshore nets $33 M in vessel charters
EMAS Offshore has secured additional options for extension on an existing contract, as well as new awards for charters with an oil major and independent oil company in West Africa and Asia. The total value of the deals with undisclosed clients is more than $33 million, including options.
In West Africa, EMAS Offshore will supply a Platform Supply Vessel to sea transportation services for an oil major. Over 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.
Captain Adarash Kumar, EMAS Offshore’s Chief Executive Officer, said: “We continue to focus our efforts in West Africa, where we have sustained our win momentum whilst building our track record and growth across Asia.
“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.”
The average duration for the contracts is approximately 2.4 years, including the extension. The work is expected to start in the first quarter of 2016.