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Icon Offshore seals deals worth $68m

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.

Vincent Wee, Hong Kong and South East Asia Correspondent

June 29, 2018

1 Min Read
Kalyakan - stock.adobe.com

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.

Read More: Malaysian OSV players still suffering from lower spending

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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