Icon Offshore picks up $15m AHTS deal


Icon Offshore has sealed a deal worth up to MYR55m ($14.5m) deal with an oil major for the provision of two anchor handling tug supply (AHTS) vessels, the company said in a stock market announcement.

Icon's unit Icon Offshore Group received the contracts, valid for a period of two years effective 5 July with an option for a one-year extension, for the provision of amongst others, transportation of supplies from supply bases to drilling rigs/platforms and vice-versa to the oil major.

“The total value of the contracts is approximately MYR55 million inclusive of the extension period and is expected to contribute positively to the earnings and net assets of Icon Offshore for the financial year ending 31 December 2015 and beyond,” it said.

Source from : Seatrade Global