The company recently unveiled a Singapore-incorporated joint venture called NI-Jaya Offshore Investment, with Nissho Iwai, to take up a partial stake in a floating production, storage and offloading vessel. The identity of the floater has not been disclosed due to commercial sensitivities. Under the executed agreement, Jaya has purchased a 30% interest in NI-Jaya for $2.8 million. The remaining 70% is held by NI Offshore Trade and Investment, a Singapore-based unit of the Japanese trading giant.