Bhagwan Marine (BM) has secured a multi-year, multi-vessel contract to provide marine support to American company Foss Teras Marine on the oil & gas construction project in the Russia’s Far East.
Work will start in the second quarter of 2016, when the number of BM’s vessels comes off charter in the North West Shelf region of Western Australia.
“The recent downturn in the Australian Offshore Oil & Gas Industry has created significant opportunities and motivation for companies like us who are willing to explore other markets and regions,” said Bhagwan Marine’s Chief Operating Officer, Darren Kolln .
“This contract is an important part of Bhagwan’s strategic expansion plans internationally,” he added.