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Vallianz Holdings Secures US$300 Million Contract In The Middle East
Daily Bulletin | 13 July 2015

Vallianz Holdings has secured a time charter valued at up to US$300 million with an existing customer, which is one of the world’s largest national oil companies.

The contract involves the supply of two self-elevating platforms which will be used to perform well servicing for offshore platforms and well structures.

The platforms are self propelled, equipped with cranes and capable of supporting various offshore operations, from wire line intervention activities and wellhead maintenance to the transportation of materials, equipment and personnel.

The contract reinforces the group’s superior advantage as a premier supplier of offshore support vessels to the customer, and validates the group’s ongoing strategy to widen its product offering with more specialised vessels.

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