Vallianz Holdings Limited, a fast growing provider of offshore support vessels and integrated marine solutions to the oil and gas industry, is continuing to expand its global reach by clinching Letters of Award and new charter contracts with total value of US$64 million in Mexico, West Africa and the Asia Pacific region.
The Group will be supplying vessels ranging from anchor handling tug supply vessels (AHTS), platform supply vessels (PSV) and barges for periods of up to 3 years. Chief Executive Officer of Vallianz, Mr Darren Yeo said, "These Letters of Award and new charter contracts mark our entry into Mexico and West Africa which is in line with the Group's strategy to diversify our geographical presence. Our success in securing these contracts can be credited to our team's unrelenting efforts to develop the Group's presence in these two fast growing offshore oil & gas exploration markets, which will pave the way for Vallianz to make further inroads in these key
markets."
The new contracts also include the supply of vessels to projects in Asia Pacific which further entrenches the Group's position in the region. The contracts are expected to contribute positively to the Group's financial performance from its next financial year ending 31 December 2015 ("FY2015").
