Singapore-listed offshore services provider EMAS Offshore has clinched three charter contracts worth USD24 million with oil majors in West Africa and Thailand.
Under the West African contract, EMAS Offshore will provide anchor handling tug and supply (AHTS) vessels for sea transportation services, such as towing, performing anchor handling, and positioning of rigs and other floating structures, for a West African oil major.
The two Thai contracts worth USD12 million require EMAS Offshore to supply a platform support vessel and an AHTS vessel for the national oil company. Both contracts were awarded after a competitive tendering process and include the provision of accommodation, towing, anchor handling, and logistics support for oil and gas production platforms.
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Emas Offshore CEO Jon Dunstan, in the company’s filing to the Singapore Exchange, said the contracts are in line with the company’s corporate strategy.
“I am delighted to see that our strategy of focusing our efforts in West Africa, where offshore activities remain healthy, is paying off. Additionally, the wins in Thailand demonstrate the synergy we have within the EMAS brand to deliver integrated solutions, and is yet another competitive advantage we can leverage, especially amidst market volatility,” said Dunstan.