Australia-based marine solutions provider MMA Offshore has been awarded two new term contracts, which will see several of its vessel operate offshore Australia and Ivory Coast.
MMA said on Wednesday that ConocoPhillips has awarded MMA a number of vessel contracts of up to ten months duration for a multi-vessel marine spread to support drilling and shutdown operations at Bayu-Undan project in the Timor Sea. Bayu-Undan is a gas-condensate field located 250 kilometers south west of Suai in Timor-Leste and 500 kilometers north west of the Northern Territory in Australia.
The award is for two platform supply vessels (PSVs) to provide supply support services for the duration of the drilling campaign, along with a number of anchor handling tug supply vessels (AHTS) to support shutdown, rig moves and additional supply scopes.
MMA noted that the contract will provide it with substantial revenue as well as utilization for a number of its vessels throughout the remainder of 2018 and into 2019.
In addition, MMA has secured a one-year contract for the vessel MMA Privilege with a “major independent crude oil and natural gas producer” to support a development project in offshore Ivory Coast.
The contract will start in direct continuation of the vessel’s current contract in Côte d’Ivoire which is due to end in April 2018. The MMA Privilege is a multipurpose work vessel with 239 man accommodation that has been working in Côte d’Ivoire since April 2016 when it was delivered from MMA’s Batam Shipyard.