Offshore vessel owner Vallianz has been handed long-term contracts by three companies, including two which will see them entering new markets.
The Singaporean company signed an agreement with an unnamed offshore chartering company based in Turkmenistan, and an agreement with an Egyptian company for a three-year charter.
It also signed a contract with a national oil company in the Middle East to supply two maintenance and accommodation vessels for five years, with the customer having an option to extend the charter for a further two years.
Vallianz chief executive officer Ling Yong Wah said: “Vallianz is one of the largest OSV providers in the Middle East and has now expanded our footprint to include Egypt.
“We are pleased that the Group has started to make headway in our strategy to increase penetration in other target markets in the Middle East region. Besides the Middle East region, our first contract win in Turkmenistan will also enable the Group to access a new market in Central Asia.”
The company said the contracts would be worth up to $115 million for four vessels.
Recommended for you
