Icon Offshore secures contract from SEA Hibiscus for supply of vessel

KUALA LUMPUR: Icon Offshore Bhd's wholly-owned subsidiary Icon Offshore Group Sdn Bhd has been awarded a letter of award from SEA Hibiscus Sdn Bhd for the provision of one 60 tonne anchor handling tug supply vessel for the 2023/24 drilling campaign.

The provision of service commenced on Oct 24, 2023, said Icon in a filing with Bursa Malaysia.

"The value of the contract is based on the schedule of rates issued by SEA Hibiscus throughout the contract duration.

"The duration of the contract is 450 days from the commencement date with 30 days extension option based on the same terms and conditions, save for the prices and rates which shall be subject to mutual agreement between the parties," it said.