Malaysia-based funding holding firm Icon Offshore Berhad, introduced that its new subsidiary firm, POSB (Perisai Offshore Services Berhad) has obtained an award for the supply of the jackup drilling rig Perisai Pacific 101 (PP101), from Petrofac.
POSB is a brand new subsidiary which was not too long ago acquired by ICON, by way of the completion of 51% shares acquisition from Perisai Petroleum Teknologi Berhad. These acquisitions by ICON additionally embrace the acquisition of PP101 Rig and buy and project of mental property to function the stated rig.
The anticipated graduation of the drilling contract is in April 2021 for a main interval of 180 days with agency eight wells, and with an non-compulsory three wells extension.
The award worth is roughly USD13.three million and is anticipated to contribute positively to the earnings, order guide and web property of ICON for the monetary 12 months ending 31 December 2021.
Perisai Pacific 101 is a Baker Marine Pacific 400 jackup constructed at PPL shipyard in Singapore. Upon its supply in June 2014, commenced a three-year contract with Petronas in Malaysia
Previously operated for Petronas on its Samarang drilling marketing campaign in Malaysia, the unit is at present prepared stacked within the nation. INTEREST
Petrofac (Malaysia-PM304) Ltd is one in all oil and gasoline producer in Malaysia, primarily in Peninsular Malaysia working block PM304 which embrace Chendor and West Desaru area. The lease is positioned northeast of Kerteh within the South China Sea.
(Source: Icon Offshore/Infield/The Star – Image: Pacific Perisai 101 at PPL shipyard in Singapore the 21 April 2014/Rene.P/EGN)
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