TLO to Charter and Operate Three Units PLSV

Source: www.gulfoilandgas.com 11/1/2011, Location: South America

The Board of Directors of SapuraCrest Petroleum Berhad is pleased to announce that TL Offshore Sdn Bhd (TLO), a wholly-owned subsidiary of SapuraCrest, has received notification from Petroleo Brasileiro S.A. (Petrobras) that TLO has been awarded a contract to charter and operate three (3) units Pipe Laying Support Vessels (PLSV) at a total award value of approximately USD1.4 billion (the Award). One (1) of the PLSVs will be constructed in Brazil, whereas the other two (2) will be constructed outside Brazil.

Revenue from the Award is expected to be generated by the fourth (4th) quarter of 2014. The Award will have no effect on the issued and paid-up share capital of the Company and is expected to contribute positively to the group's net assets and earnings for the financial year ending 31 January 2015 and beyond.


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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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