SINGAPORE –EOC Ltd. reports that the Lewek Champion has secured an $888-million contract from an unnamed national oil company in southeast Asia to install a subsea pipeline, and to transport and install drilling, production, and wellhead platforms.
The Emas Offshore Construction and Production Pte. Ltd. vessel charter is expected to last to 2010, with extension options after that.
"This significant contract with the Lewek Champion will propel and position EOC as a serious contender in the fast-growing production and construction segment of the offshore support services sector," said KK Lim, EOC's managing director.
"The market for construction, transport and installation; and commissioning or de-commission offshore fields is already on an upswing and we expect our modern and well-equipped vessels to be in great demand."
TheLewek Champion is equipped with a DP-2 system, upgradeable to DP-3, an 800-metric ton (882-ton) heavy-lift crane and can accommodate up to 500 men.