EOC ENTERS INTO CONTRACT TO ACQUIRE NEW ACCOMMODATION AND SUPPORT VESSEL
EOC Limited (“EOC” or “the Group”), one of Asia’s leading providers of offshore oil and gas development and production solutions, today announced that it would be adding a new accommodation and support vessel to its fleet..
EOC has entered into a memorandum of agreement to acquire a newbuild accommodation and support vessel, for a purchase price of US$32.5 million. The vessel is designed to meet the classification requirements of the American Bureau of Shipping (ABS) and with modifications can accommodate up to 70 men. The vessel was built in Fujian Mawei Shipbuilding Ltd., a shipyard based in Fujian, China.
In the past few months, the Group has announced contract wins for long-term charters, worth close to US$170 million including options, for two of its accommodation barges – the Lewek Conqueror and the Lewek Chancellor. The addition of the newbuild accommodation and support vessel is in line with the Group’s strategy to continue to grow its accommodation fleet and to focus on the growing offshore accommodation and support services market, especially in the Asia-Pacific region.
ABOUT THE COMPANY
Oslo Børs listing: October 2007
EOC Limited is a provider of offshore accommodation, construction and production vessels and services. The Group is headquartered in Singapore and operates across key markets in the Asia-Pacific region, such as Brunei, Indonesia, Malaysia, Vietnam and Thailand.
The Group operates accommodation and/or construction units and floating production, storage and offloading (“FPSO”) systems and its excellent operational and HSE (health, safety and environment) track record has allowed it to establish strong working relationships with leading international oil majors, national oil companies and various independent operators.
The Group is an associate company of Singapore Exchange-listed Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the O&G industry.
FOR FURTHER ENQUIRIES
Mr. Jason Goh
EOC Limited
65 6590 8209