Jaya secures contracts worth over US$60m
Friday, June 7 2013 - 02:12 AM WIB
SGX-listed Jaya Holdings Limited, an offshore energy services provider, announced that it has signed contracts for three out of four of its newly built platform supply vessels (PSVs).
The total value of these three contracts is more than US$60 million, including optional extension periods.
Jaya?s first high specification PSV ?Jaya Valour? will deliver at the end of next month (July) and has been fixed into a time charter contract for up to three years in South East Asia with an existing customer undertaking fracturing work.
?Jaya Valour? has over 1,000 square meters of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 60 people on board including workout equipment and an internet caf?.
The vessel has the capacity to carry up to 4,800 deadweight tons of cargo and cargo capacities will be utilized in the carriage and pumping of brine and specialized fracturing proppants to stimulate production from offshore oil and gas wells.
?Jaya Victory? and ?Jaya Valiant? are medium sized PSVs with 3,500 tons of cargo deadweight tonnage and 78m of length. Both vessels are equipped with DP-2 capability and Fire Fighting class. They will deliver in the first half of 2014 to a new client and are expected to operate primarily in Latin America . The charters are for up to three years.
CEO of Jaya Holdings, Venkatraman Sheshashayee said that the PSV market is strengthening both in Asia and the rest of the world. ?Both the surge in deep water drilling and the need to stimulate production from older shallow water fields are increasing demand for high specification platform supply vessels,? he said.
He said that the fourth vessel in Jaya?s PSV program, ?Jaya Vigilant?, is an identical sister to ?Jaya Valour? but with a big value added extra. ?Jaya Vigilant? is being fitted with a 50 ton active heave compensated deep water crane built for service in more than 3,000 metres of water.
Sheshashayee added that Jaya Vigilant will deliver from the yard at the end of August and will be ready for service with the brand new crane installed in September.
Editing by Benget Besalicto Tnb.