Coastal Contracts Sells Two Offshore Support Vessels for $65M

Tuesday, April 4, 2023

Malaysian offshore vessel services firm Coastal Contracts said Tuesday its subsidiaries had secured contracts for the sales of two offshore support vessels for an aggregate value of approximately RM287.3 million (currently around $65,2 million).

"The revenue stream from the latest contracts is expected to contribute significantly to the earnings of the group for the financial year ending 30 June 2023," Coastal Contracts said.

The company did not say who the clients were or which vessels had been sold.


Categories: Energy Vessels Asia

Related Stories

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

BW Opal FPSO Vessel set for Work off Australia

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Indonesia's Medco Starts Production at Natuna Sea Fields

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com