Vallianz wins charters for 13 OSVs in Middle East

Vallianz Holdings, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has won contracts worth up to $210 million in total.

According to the Vallianz’s press release on Monday, following these contract wins, the company has set a new record of $1.2 billion for its order book, which comprises mainly long term charters that stretch up to 2025.

Namely, Vallianz secured new long-term charter contracts for the supply of 13 Offshore Support Vessels (OSVs) to a national oil company in the Middle East (NOC).

The OSVs will be chartered to the NOC for up to 7 years, and the company said it expects the OSVs to be deployed progressively at the NOC’s oil fields from the second half of 2016 in accordance to the NOC’s project schedule.

CEO of Vallianz, Ling Yong Wah said, “This new award speaks volumes of the Group’s operational capabilities as the award of an entire tender comprising a large number of vessels to a single offshore marine service provider is rare and normally reserved for a contractor that has an exceptional and proven track record.”

Vallianz also added that these contracts came on the heels of the award of a $63 million contract from the NOC for the charter of two Anchor Handling Tug, Supply and Safety Standby (AHTSS) vessels for up to 7 years.

Ling also added: “We are presently bidding for charter contracts with a combined value of US$1.5 billion, mainly for projects located in the Middle East.”

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