Icon Offshore awarded AHTS contract by Shell
The Board of Directors of Icon Offshore Berhad has announced that Sarawak Shell Berhad/Sabah Shell Petroleum Company Limited has awarded Icon Offshore Group Sdn Bhd, a wholly-owned subsidiary of ICON, a contract for the provision of anchor handling tug supply pursuant to an initial purchase order dated 3rd May 2019.
IOGSB has on 10th June 2019 received the approval from Shell to release the announcement regarding the contract.
The term of the contract shall be for a firm period of eight hundred and twenty-five (825) days, with an extension option of up to two years with one year extension period each. The commencement date for the contract was 6th April 2019 and the vessel was onhired on the same date.
The contract, valued at approximately RM39 million inclusive of the optional extension period, is expected to contribute positively to the earnings, order book and net assets of ICON for the financial year ending 31 December 2019 and beyond.