Ezra's associated company in Malaysia has FPSO charter extended
AN associated company of Ezra Holdings in Malaysia, Perisai Petroleum Teknologi Bhd, has had the charter for a floating production, storage and offloading (FPSO) facility extended for six months.
The FPSO, named Perisai Kamelia, is now operating in the North Malaysia basin in offshore Peninsular Malaysia under Hess Exploration and Production Malaysia's charter, which has now been extended to May 31, 2017.
The value of the six-month extension is expected to be within the range of US$31.95 million and US$45 million, depending on the daily average Brent crude oil.
The Malaysia-listed offshore drilling and construction firm added that Hess may exercise its option to further extend the charter on a monthly basis for up to 12 months till May 31, 2018.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years