Malaysia’s offshore services provider Alam Maritim (M) Sdn Bhd, and ExxonMobil Exploration and Production Malaysia Inc have signed a Charter Party Agreement for the provision of an accommodation vessel.
The contract is for a primary period of eighteen (18) months with an extension option exercisable by EMEPMI for another twelve (12) months.
The value of the contract is estimated at approximately USD 40 million (if ExxonMobil engages the vessel for the full duration – inclusive of optional period).
[mappress] Offshore Energy Today Staff, May 30, 2012