Singapore’s EOC bags Brunei deal

Singapore’s Emas Offshore Construction said it has won a five-year contract worth up to US$68 million to provide a heavy-lift accommodation crane barge to an operator in Brunei.

EOC said it will provide the vessel Lewek Conqueror from March 2009 to “one of the world’s largest oil exploration and production companies operating in Brunei”. Shell and Total are the two major players in Brunei. Lim Kwee Keong, EOC’s chief executive, said he expected demand for its offshore construction and production services to remain firm, and that the new charter will contribute positively to earnings from the second half of 2009. EOC is 48.9% owned by Ezra Holdings, and is listed on the Oslo Stock Exchange.

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