SeaHold Geoships intends to use the ROV support vessel for inspection, repair and maintenance activities.
The vessel completed retro fitting works at Otto's Batam shipyard and was delivered to SeaHold Geoships this month.
“This award is recognition of our ongoing efforts to solidify our status as a global supplier of OSVs,” said Aw Chin Leng, deputy president of Otto. The contract is expected to have a “marginal contribution” to the company's 2012 financial earnings, Otto said in a statement.