Posted by Jimmy Song > 2013-10-16 18:19 | Report Abuse

DAYA’S SIEM DAYA 1 SECURES ADDITIONAL CONTRACT Daya Offshore Construction Secures Charter Party Contract with Allseas UK Ltd. KUALA LUMPUR, 16 October 2013 – Daya Materials Bhd. (“DMB” or the “Group”) announced today that it has secured a second Charter Party Contract (the “Contract”) with Allseas UK Ltd. DMB will be deploying Siem Daya 1 for this Contract with the Charter scheduled to commence in October 2013. The estimated total contract value is worth up to RM11.8 million for a contract period of 20 – 30 days. Daya Offshore Construction Sdn. Bhd. (“DOC”) (formerly known as SD Equipment Sdn. Bhd.), a wholly-owned subsidiary of DMB is the entity contracted for the provision of offshore walk to work subsea construction vessel, together with a range of offshore services for the United Kingdom North Sea Region (“Charter”). Siem Daya 1, the Group’s newly built offshore subsea construction vessel (“OSCV”), had on the 16 August 2013 secured its first contract with Technip Norge AS, Norway with a total contract value of up to RM440.0 million. Thus, with the two abovementioned contracts secured to date Siem Daya 1 currently has a combined order book of up to RM451.8 million. “We are working hard on continuously bidding for additional contracts for Siem Daya 1 and having these two contracts secured thus far, it is providing us with a promising outlook that we are progressively building the company’s profile within the oil and gas industry not only in Malaysia but globally.” commented Dato’ Mazlin, Group CEO of DMB. The Group is expecting delivery of its second OSCV, Siem Daya 2 in December 2013. About DOC DOC provides specialised subsea construction, installation, engineering, inspection repair and maintenance services that involve complex engineering to the offshore energy industry worldwide. It operates a fleet of vessels in a safe, efficient and effective manner, coupled with technically advanced equipment, survey systems, Remotely Operated Vehicles (“ROVs”) and modulated diving systems (“MHS”) complimented by a fully integrated in-house engineering and project management capability. About Allseas UK Ltd. Allseas UK Ltd. is a key unit of the Swiss-based Allseas Group. The group was founded in 1985 and is a global leader in offshore pipeline installation and subsea construction. It employs over 2,300 people worldwide and operates a versatile fleet of specialised pipe-laying and support vessels, designed and developed in-house. *** About Daya Materials Berhad Daya Materials Berhad (“DMB” or the “Group”) was established in 1994 with the vision of creating an integrated oil & gas company based in Malaysia with a global reach. We are now a major player in the regional oil & gas industry with operations throughout the Asia Pacific region. DMB is listed on Bursa Malaysia with a stock symbol "DAYA" and stock code "0091". DMB’s business is predominantly involved in downstream and upstream O&G sectors, engineering & construction and investments. Our O&G services encompass pipe-laying, submarine cable-laying, automated welding, subsea installation, OSCV/AHTS charter & marine services, offshore manpower, well intervention & completion, downhole services, marine HVAC, upstream & downstream chemicals, cranes & lifting, FPSO installation, mooring and desludging. The oil & gas sector is the key focus direction in which the company has developed various strategic partnerships to venture into marginal oilfields and brownfield developments, drilling services, fabrication, EPCIC, testing & inspection as well as hook-up & commissioning. For more information, please log on to http://dayagroup.com.my/