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Vallianz bags Middle East OSV contracts worth up to $63m

Vallianz bags Middle East OSV contracts worth up to $63m
Vallianz has bagged another offshore contract in the Middle East for anchor handling tugs worth up to $63m.

The contract with an undisclosed national oil company (NOC) is for two AHTS vessels for up to seven years.

The first vessel is expected to be deployed in the third quarter of 2016, while the second is scheduled for deployment in the first quarter of 2017.

The contracts bring Vallianz’s orderbook to $950m. The company is currently bidding on charter contracts worth a combined value of $1.7bn.

“We are pleased to win this contract after the NOC awarded a US$98 million contract to the croup in December last year for the charter of four Anchor Handling Tug Supply (AHTS) vessels,” said Ling Yong Wah, ceo of Vallianz.