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Vallianz clinches US$97m contract

Published Mon, Dec 15, 2014 · 09:50 PM

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Singapore

VALLIANZ Holdings has deepened its footprint in the Middle East - a lucrative oil market - as it secured a time charter contract worth US$97 million with one of the world's largest national oil companies in the region.

The offshore support vessels and integrated marine solutions provider to the oil and gas industry will supply a specialised vessel for up to five years from the third quarter of 2015 to support the NOC's oil and gas production in the Middle East.

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