Jaya scoops $20m contract in East Africa

By Ruli Setiawan

SGX-listed Offshore energy services provider Jaya Holdings said it has signed a contract to charter its new build DP2 Platform Supply Vessel (PSV) ?Jaya Vigilant? for a long term operation in the Indian Ocean, offshore Mozambique.

The two year contract, which includes charterer?s options has a value of more than US$20 million, the company said in a statement received Monday.

Jaya Vigilant, designed as a large PSV, is now being upgraded with additional equipment required for the charter?s work scope prior to delivery from Jaya?s own yard in Batam , Indonesia at the end of September 2013.

The work scope includes Remotely Operated Vehicle ( ROV ) support, survey work and core sampling in water depths of up to 2,000 metres and thus requires a 50 ton, subsea rated, deep water crane and a mezzanine deck for the ROV spread, as well as additional communications kit, survey pole equipment and enhanced passenger facilities on board.

Jaya Vigilant is the second of Jaya?s large PSVs. The first vessel in the series, ?Jaya Valour? was upgraded and delivered at the end of July this year. She is operating on fracking and coil tubing projects in South East Asia under a term contract, as previously announced.

?Jaya is proud to have secured this important contract in an exciting new market, where significant deep water gas discoveries have been made over the last few years,? said Jaya Holdings CEO Venkatraman Sheshashayee.

With the delivery of Jaya Vigilant in September, Jaya will have seven new builds remaining in its current shipyard order book. Two of these new build vessels slated for delivery from Jaya?s yard in Batam are purpose built ROV support vessels with large subsea cranes and diesel electric propulsion, which will offer even greater opportunities for Jaya?s clients.

Editing by Reiner Simanjuntak