EOC BAGS US$15M CONTRACT FOR UPGRADES ON FPSO LEWEK EMAS
- Group to provide project management, engineering and procurement services for the upgrades of the Lewek EMAS
- Increased demand for Vessel’s production capabilities as a result of Subsea tie-back from the nearby Dua field
- Contract worth up to US$15m
EOC Limited (EOC or the Group) has been awarded a contract in relation to the FPSO Lewek EMAS from the vessel’s charterer Premier Oil Vietnam Offshore BV.
Under the contract, worth up to US$15 million, EOC will provide project management as well as engineering and procurement services for the modification of the Lewek EMAS to accommodate a subsea tie-back linking the FPSO to the nearby Premier-operated Dua oil field, offshore Vietnam. A subsea tie-back connects the new oil and gas development to an existing production facility, thereby maximising the use of the Lewek EMAS as a production platform. Work has already commenced on the contract and will be completed in late 2013.
EOC’s Chief Operating Officer, Mr Jon Dunstan, said: “We are delighted that Premier has exercised this option to upgrade the Lewek EMAS and are excited to demonstrate the unit’s capacity and flexibility to accommodate additional throughput which will benefit both the vessel’s owners and Premier.”
“The modification work will be performed on the Lewek EMAS while the vessel continues producing crude oil and gas from the Premier-operated Chim Sao field and we will work closely with Premier to ensure the success of this project.”
Premier Oil Vietnam Offshore is a wholly owned subsidiary of UK-headquartered Premier Oil plc, a leading independent exploration and production company in the offshore sector.
The Lewek EMAS, the EOC Group’s second and latest FPSO, achieved first oil from the Premier-operated Chim Sao field in Vietnam in October 2011 and is currently on a charter to Premier, worth up to US$1 billion, for a primary term of six years and with a further six renewable one-year extension options.
ABOUT THE COMPANY
Oslo Børs listing: October 2007
EOC Limited offers offshore floating production services that support the full life cycle of offshore oil and gas (O&G) production. It owns and operates two floating production, storage and offloading (FPSO) vessels, the Lewek Arunothai and the Lewek EMAS, and a fleet of construction vessels. The Group has conducted operations in Australia, Brunei, India, Indonesia, Malaysia, the Middle East, the Philippines, Vietnam and Thailand, and continues to do so currently.
EOC’s successful operational and HSE (health, safety and environment) track records have enabled the Group to establish strong working relationships with leading international oil majors, national oil companies and various independent operators. In addition, these ties have brought in a steady stream of repeat business and recurring income.
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. Chan Eng Yew
65 9792 8616
Ms. Carol Chong
65 9475 3167
Ms. Nora Cheng
65 9634 7450
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