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EOC Limited: Completion of Sale of FPSO Entities to Perisai Extended

EOC Limited: Completion of Sale of FPSO Entities to Perisai Extended

SINGAPORE--(BUSINESS WIRE)--Aug 15, 2013--Regulatory news:

Reference is made to the announcement dated 28 June 2013 relating to the extension of the completion deadline of the sale (the "FPSO Sale") of 51% equity interest in the entities (the "Target Entities") owning and operating the FPSO "Perisai Kamelia" (formerly known as "Lewek Arunothai") to Perisai Petroleum Technologi BHD ("Perisai") from EOC Limited (the "Company") (OSE:EOC).

Due to recent developments in the law of the state of Labuan, Malaysia (being the state of incorporation of one of the Target Entities) relating to the transfer of shares in a Labuan-incorporated company, the Company and Perisai have agreed that completion of the FPSO Sale will be extended from 15 August 2013 to 31 August 2013.

ABOUT THE COMPANY www.emasoffshore-cnp.com

Oslo Bors listing: October 2007

EOC Limited offers offshore floating production services that support the full life cycle of offshore oil and gas (O&G) production. It owns and operates two floating production, storage and offloading (FPSO) vessels, the Lewek Arunothai and the Lewek EMAS, and a fleet of construction vessels. The Group has conducted operations in Australia, Brunei, India, Indonesia, Malaysia, the Middle East, the Philippines, Vietnam and Thailand, and continues to do so currently.

EOC's successful operational and HSE (health, safety and environment) track records have enabled the Group to establish strong working relationships with leading international oil majors, national oil companies and various independent operators. In addition, these ties have brought in a steady stream of repeat business and recurring income.

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.

Other media releases on the company can be accessed at www.oaktreeadvisers.com

This information was brought to you by Cision http://news.cision.com

CONTACT: FOR FURTHER ENQUIRIES

EOC Limited

Mr. Chan Eng Yew

65 9792 8616

engyew.chan@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

KEYWORD: EUROPE ASIA PACIFIC NORWAY SINGAPORE

INDUSTRY KEYWORD: ENERGY OIL/GAS TRANSPORT MARITIME CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: EOC Limited

Copyright Business Wire 2013

PUB: 08/15/2013 05:40 AM/DISC: 08/15/2013 05:40 AM

http://www.businesswire.com/news/home/20130815005442/en


Updated : 2021-04-13 10:44 GMT+08:00