EOC secures award from Hess for Its floating production, storage and offloading vessel, Lewek Arunothai

11/15/2012

EOC secures award from Hess for Its floating production, storage and offloading vessel, Lewek Arunothai

EOC, one of Asia’s leading providers of offshore production services to the oil and gas sector, has secured a Letter Of Award  from Hess Exploration and Production via its Malaysian agent Larizz Petroleum Services, for the charter of the Group’s floating production, storage and offloading vessel, the Lewek Arunothai.

The Group’s latest client, Hess E&P Malaysia, is part of a global energy group that is engaged in oil & gas exploration and production as well as refining and marketing of refined petroleum products, natural gas and electricity.

This Letter Of Award is for a three year charter with extension options of up to three years will require Lewek Arunothai to be redeployed as part of a fast track gas production project in the North Malay Basin, Malaysia. The floating production, storage and offloading vessel will be used to support early production activities and is targeted to be on station from mid 2013.

EOC’s Chief Operating Officer, Mr Jon Dunstan, said: “This project bears out our continual efforts to improve our earnings visibility, expand into new markets and increase our client portfolio. The Lewek Arunothai provides an excellent solution for the requirements of the field in terms of technical specifications as well as proven operational and safety track record as an existing gas floating production, storage and offloading vessel.”

The Lewek Arunothai is expected to undergo refurbishment works in Singapore to further enhance the vessel’s operational capabilities. Part of the upgrade includes the addition of an external turret mooring system which is being designed and fabricated in part by London Marine Consultants and fabricated by the TRIYARDS Group, both affiliate companies.

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