Nam Cheong Ltd, Malaysia’s largest builder of offshore support vessels announced today the winning of a newbuild order for two accommodation work barges (AWBs) from Bursa-listed Perdana Petroleum Berhad. The USD $84 million deal comes with an option to purchase two additional vessels.
The company notes they sold a smaller AWB to Perdana last July. These two AWBs will be the first-of-its-kind in Malaysia when delivered and the largest accommodation vessels to be built by Nam Cheong.
Mr Leong Seng Keat, Nam Cheong’s Chief Executive Officer expressed optimism for the future noting “rising momentum of E&P spending in the global oil & gas industry and robust demand for our vessels.”
The company’s orderbook stands at RM1.5 billion ( S$581.7 million) so far this year.
About the AWBs:
- Length: 123 metres
- Accommodation capacity: 500
- Other features: Equipped with 8 point mooring system and a 300 tonne deck crane
- Class: ABS