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Icon Offshore seals deals worth $68m

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More orders are trickling through for the Malaysian oil and gas (O&G) sector with Icon Offshore announcing it has secured some MYR275m ($68m) in new contracts from various parties.

The offshore support vessel (OSV) provider said in a stock market announcement that it had through its Icon Offshore Group unit received a conditional award to provide two platform supply vessels (PSVs) to ExxonMobil Exploration and Production Malaysia commencing August worth MYR106m with two optional extension periods.

A second batch of contracts with various companies to support production operations in Malaysia is worth MYR169m. This includes a MYR23m deal to provide a utility vessel for Hess Exploration and Production Malaysia for three years with two one-year optional extensions.

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