EOC Limited has secured a Letter Of Award ('LOA') from Hess Exploration and Production Malaysia B.V. ('Hess E&P Malaysia') via its Malaysian agent Larizz Petroleum Services Sdn Bhd, for the charter of the Group's floating production, storage and offloading ('FPSO') vessel, the Lewek Arunothai.

The Group's latest client, Hess E&P Malaysia, is part of a global energy group that is engaged in oil & gas exploration and production as well as refining and marketing of refined petroleum products, natural gas and electricity.

This LOA is for a three-year charter with extension options of up to three years will require Lewek Arunothai to be redeployed as part of a fast-track gas production project in the North Malay Basin, Malaysia. The FPSO will be used to support early production activities and is targeted to be on station from mid-2013.

Tags: EOC Limited