Vallianz clinches US$300m contract to supply two platforms
OFFSHORE support vessel provider Vallianz Holdings said on Monday morning that it has won a deal valued at up to US$300 million to supply two self-elevating platforms to a large national oil company in the Middle East.
They will be used to service wells at the national oil company's offshore platforms and well structures in the Arabian Gulf.
Both platforms are expected to be deployed in this current quarter for a period of five years. The customer has an option to extend the charter for another two years until 2022.
Vallianz last traded at 5 Singapore cents a share.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Nvidia is missing link in a strong season of AI earnings reports
Citi shifts working hours, enhances platform ahead of settlement cycle change
Cordlife directors offer differing views on future oversight if board is rejigged
Tesla lays off more staff in software, service teams, Electrek reports
Robinhood Crypto gets Wells notice from US SEC
Morgan Stanley strategists see inflation as key for path of US stocks