Singapore company ship on its way to Mozambique to assist with oil and gas prospecting

28 August 2013

Jaya Holdings Ltd, a Singapore-based marine services company, has signed a contract to place the platform supply vessel (PSV) “Jaya Vigilant” in the Mozambican sea, the company said in a statement issued Monday.

The contract, which is valid for a two-year period, will bring in over US$20 million in revenues for the Singapore company.

The PSV is currently receiving the additional equipment needed for the activities stipulated in the contract signed with an unnamed company.

The additional equipment includes a remote control submersible vehicle to collect samples at depths of up to 2,000 metres, which requires a 50-ton crane to be installed as well as an additional deck to park the submersible.

The “Jaya Vigilant” is the second PSV owned by Jaya Holdings Ltd, and the first, “Jaya Valour”, is operating in Southeast Asia. (macauhub)