EOC Limited: Accommodation Barge Lewek Chancellor Secures Award Worth over US$40M

SINGAPORE--()--Regulatory News:

EOC Limited (OSE:EOC)

EOC Limited (“EOC” or “the Group”), one of Asia’s leading providers of offshore oil and gas development and production solutions, has secured an award worth in excess of US$40 million including options for the Lewek Chancellor.

Under this award with an oil major, the accommodation and construction barge will provide full support in accommodation and maintenance services for a project in Africa for a period of two years, with an option to extend for an additional one year.

The Group has recently announced an award close to US$100 million including options for the Lewek Conqueror with an oil major for a project in South East Asia for a period of five years.

EOC’s Chief Financial Officer, Mr Jason Goh, said: “We are pleased that both our accommodation barges, the Lewek Conqueror and the Lewek Chancellor, have secured multi-year awards and we continue to explore other opportunities that may arise in this segment.”

ABOUT THE COMPANY

www.emasoffshore-cnp.com

Oslo Børs listing: October 2007

EOC Limited is a provider of offshore accommodation, construction and production vessels and services. The Group is headquartered in Singapore and operates across key markets of exploration and production activities in the Asia-Pacific region, such as Brunei, Indonesia, Malaysia, Vietnam and Thailand.

The Group operates accommodation and/or construction units and floating production, storage and offloading (“FPSO”) systems and its excellent operational and HSE (health, safety and environment) track record has allowed it to establish strong working relationships with leading international oil majors, national oil companies and various independent operators.

The Group is an associate company of Singapore Exchange-listed Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the O&G industry.

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Contacts

EOC Limited
Mr. Jason Goh
65 6590 8209
investor_relations@emasoffshore-cnp.com
or
Oaktree Advisers
Ms. Carol Chong
65 9475 3167
carolchong@oaktreeadvisers.com
or
Ms. Nora Cheng
65 9634 7450
noracheng@oaktreeadvisers.com
Other media releases on the company can be accessed at www.oaktreeadvisers.com

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Contacts

EOC Limited
Mr. Jason Goh
65 6590 8209
investor_relations@emasoffshore-cnp.com
or
Oaktree Advisers
Ms. Carol Chong
65 9475 3167
carolchong@oaktreeadvisers.com
or
Ms. Nora Cheng
65 9634 7450
noracheng@oaktreeadvisers.com
Other media releases on the company can be accessed at www.oaktreeadvisers.com