Jaya wins long term charters worth more than US$60 million for its new platform supply vessels
Leading offshore energy services provider, Jaya Holdings Limited, is pleased to announce that the Group has signed contracts for three of its four new build platform supply vessels (PSVs) well ahead of their delivery dates from the shipyard. The total value of these three contracts is more than US$60 million, including optional extension periods, said in the company's press release.
Jaya’s first high specification PSV “Jaya Valour” will deliver at the end of next month (July) and has been fixed into a time charter contract for up to three years in South East Asia with an existing customer undertaking fracturing work.
“Jaya Valour” has more than 1,000 square metres of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 60 people on board including workout equipment and an internet cafe.
The vessel has the capacity to carry up to 4,800 tons of cargo deadweight and her cargo capacities will be utilised in the carriage and pumping of brine and specialised fracturing proppants to stimulate production from offshore oil and gas wells.
“Jaya Victory” and “Jaya Valiant” are medium sized PSVs with 3,500 tons of cargo deadweight and 78m of length. Both vessels are equipped with DP-2 capability and Fire Fighting class. They will deliver in the first half of 2014 to a new client and are expected to operate primarily in Latin America. The charters are for up to three years.
CEO of Jaya Holdings, Mr Venkatraman Sheshashayee said today: “The PSV market is strengthening both in Asia and the rest of the world. Both the surge in deep water drilling and the need to stimulate production from older shallow water fields are increasing demand for high specification platform supply vessels. Our newbuilding designs maximise the flexibility our vessels offer to customers, with high cargo capacities for drilling fluids and bulk, big clear decks, and good quality accommodation for charterer personnel. This means they can provide both general platform and rig support, as well as more specialised services such as ROV and coil tubing work scopes.”
He added, “The charters for Jaya Victory and Valiant also mark our foray into the booming Latin American market and are very much in line with our market growth and geographical diversification strategies.”
The fourth vessel in Jaya’s PSV programme, “Jaya Vigilant”, is an identical sister to “Jaya Valour” but with a big value added extra - “Jaya Vigilant” is being fitted with a 50 ton active heave compensated deep water crane built for service in more than 3,000 metres of water.
Mr Sheshashayee added: “Jaya Vigilant will deliver from the yard at the end of August and will be ready for service with the brand new crane installed in September. There’s currently a backlog of underwater inspection and repair work in the region, and the vessel is perfect for ROV support. In addition, the ship is well suited to fracturing work like her sister, or for deep water drilling support contracts with DP rigs.”
Jaya has an additional two large anchor handlers delivering from its Singapore yard in the next 12 months, and three specialised subsea and accommodation workboats delivering from its Batam yard.
The Group owns and operates more than 25 offshore vessels working across South East Asia, the Middle East and West Africa on charter to both oil companies and offshore services companies.
ABOUT THE COMPANY
Jaya Holdings is a leading Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain.
Specialised offshore assets are designed and constructed to exacting quality standards and rigorous time schedules in our fully owned facilities in Singapore and Indonesia (Batam). When required, Jaya also outsources construction to reputed builders whose infrastructure and quality standards have been audited comprehensively. Such outsourced construction is closely monitored and supervised by Jaya’s in-house team.
Our fleet of specialised offshore vessels are designed and built to global standards and to be able to operate on a worldwide basis, supporting offshore E&P, marine construction, mining and marine-related activities. Jaya’s fleet is one of the youngest and most diversified in the region. Our QHSSE and Operations teams are superlative and constantly strive to deliver uninterrupted customer satisfaction. Jaya’s current fleet consists of 28 vessels.
The Group is led by a strong management team supported by a dedicated and competent organisation focused on service excellence and customer delight. Its core group of senior executives each has industry experience of more than 20 years.