Multi-vessel award gives Australian owner significant income

MMA Offshore is to provide PSVs and anchor handlers to ConocoPhillips under a long-term deal

MMA Offshore has been awarded two term contracts, including one that will provide significant revenue and provide work for several of its vessels.

The most important deal sees the ailing company benefit from a contract from ConocoPhillips. This deal is for several vessels and has a duration of 10 months. MMA Offshore will provide a multi-vessel marine spread to support drilling and shutdown operations at Bayu-Undan in the Timor Sea.

The award is for two platform supply vessels to provide supply support services for the duration of the drilling campaign, along with several anchor handling tug supply vessels to support shutdown, rig moves and additional supply scopes.

MMA Offshore said this contract is particularly significant to it as it will also provide “substantial revenue” and vessel utilisation throughout the remainder of 2018 and into 2019.

In addition, MMA has secured a one-year contract for MMA Privilege with a major independent crude oil and natural gas producer to support a development project in offshore Ivory Coast.

The contract will start in direct continuation of the vessel’s current contract in Ivory Coast which is due to end in April 2018.

MMA Privilege is a multipurpose work vessel with 239-man accommodation that has been working in Ivory Coast since April 2016 when it was delivered from MMA’s Batam Shipyard.

“The contract awards are an indication of our continuing efforts to provide our clients with cost-effective and innovative marine solutions, together with our unwavering focus on safety. Both awards add to our baseload of contracted revenue for FY2019,” said the company.