The client has not been disclosed, but EOC said it won the contract with “an oil major”.
The barge will operate in south-east Asia for five years, with an option to extend the agreement for another two years.
EOC chief financial officer Jason Goh said the offshore accommodation market was showing strength, with EOC positioned to cash in on this growth.
The win is expected to have a positive impact on third quarter earnings with work expected to start in that timeframe.
The
