Icon Offshore gets offshore support vessel supply contract

PETALING JAYA: Icon Offshore Bhd has been awarded a letter of award (LoA) from a petroleum arrangement contractor (PAC) for the provision of one platform supply vessel for the PAC’s drilling campaign.

In a filing with Bursa Malaysia, Icon Offshore said the offshore support vessel supply service will commence on March 31, 2024.

“The value of the contract is based on the bid proposal. The contract primary period is for 100 days from the commencement date.

“The LoA is expected to contribute positively to earnings, order book and net assets of Icon Offshore for the financial year ending Dec 31, 2024.