Icon Offshore in multiple charter wins worth $68.5 million

Illustration: Offshore vessels. Image by jnzl/Flickr – shared under CC BY 2.0 license. The image has been cropped

Malaysia’s Icon Offshore has said it has received several contracts worth RM 277 million ($68.5 million) in total for the supply of offshore vessels to oil companies.

First, Icon on Wednesday said that it secured a conditional award to provide two platform supply vessels to ExxonMobil in Malaysia for its production operations.

The contracts are expected to start no later than August 1, 2018. Together, the contracts are valued at around RM106 million including two optional extension periods.

Announcing the contract on Wednesday, Icon did not say how long the Exxon contracts would last, nor which vessels would be used for the operations.

In a separate statement issued on the same day, Icon Offshore said it recently been awarded contracts to provide offshore support vessels “to oil and gas companies (“OG Companies”) to support their production operations in Malaysian waters.”

Icon said that the contracts were for a primary period of three years with an extension option of up to two years of one year each.

The total value of these long-term contracts including extensions is RM169 million.

“The extension options shall only be exercised at the end of the firm period upon approvals obtained from the OG Companies and Petronas Carigali Sdn. Bhd,” Icon said.

Three years with Hess

 

Worth noting, Icon Offshore last Friday said the U.S. oil firm Hess hired an offshore support vessel from Malaysia’s Icon Offshore for support operations offshore Malaysia.

Icon Offshore said on Friday that Hess would take one utility vessel on a three-year deal. Hess will also have two one-year extension options.

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply