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Vallianz secures US$97m Middle East Charter contract

15 Dec 2014
Vallianz Holdings has secured a time charter contract worth USD$97 million with an unnamed large national oil company (NOC) in the Middle East.

With the contract, Vallianz will supply specialised vessels for up to five years from the third quarter of 2015 to support the NOC’s oil and gas production activities in the Middle East.

Not only does this add to the company’s portfolio in the Middle East, where it currently deploys 21 offshore support vessels (OSV), but also establishes a strong footing in the Middle East as one of the leading OSV providers to the NOC.