Tuesday, November 25, 2008

Great Offshore leases two vessels at USD 22 mn

Mumbai, Nov 25 : Integrated offshore oilfield services provider Great Offshore today said it has chartered its two vessels to Petroleum Marine Services of Egypt for a USD 22 million (Rs 109.84 crore).

"The company has chartered two of its vessels -- Malaviya Thirty Three and Gal Ross Sea -- to Petroleum Marine Services Co," Great Offshore Ltd said in a filing to the Bombay Stock Exchange.

Initially, this contract is for one year, which has an option for two more extensions, the company said.

Further, the vessels have commenced operations in the Khafji Oilfields, it added.

Great Offshore was trading at Rs 267.75, up 0.51 per cent in the afternoon trade on the BSE.

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