Ezra Holdings’s production division, EOC Limited, has secured its first contract from Hess Exploration and Production Malaysia B.V. for the charter of the group’s Floating, Production, Storage and Offloading (FPSO) vessel, the Lewek Arunothai.
The award has a value of US$272.1 million ($332.5 million) for three years with the potential of another US$271.1 million should the full extension of three years be exercised.
Under the contract, FPSO Lewek Arunothai, will be deployed on a three-year fast-track gas production project in the North Malay Basin, Malaysia. The FPSO will be used to support early production activities and is targeted to be on station from mid-2013.
EOC is the 45.7% owned associate company and production division of the group. Hess E&P Malaysia, is part of a global energy group that is engaged in oil & gas (O&G) exploration and production as well as refining and marketing of refined petroleum products, natural gas and electricity.
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