Vallianz Holdings

Vallianz Holdings was awarded a contract worth up to USD 300 million by an unnamed national oil company in the Middle East to provide two self-elevating platform vessels. The platforms will be used to service wells in the Arabian Gulf and are equipped with cranes capable of supporting various offshore activities, such as wireline operations and wellhead maintenance. Vallianz will deploy the vessels starting the third quarter of the year for 5 years.