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2014-07-10

EOC Limited: EOC ENTERS INTO CONTRACT TO ACQUIRE NEW ACCOMMODATION AND SUPPORT VESSEL

EOC Limited ("EOC" or "the Group"), one of Asia's leading providers of
offshore oil and gas development and production solutions, today
announced that it would be adding a new accommodation and support
vessel to its fleet..

EOC has entered into a memorandum of agreement to acquire a newbuild
accommodation and support vessel, for a purchase price of US$32.5
million. The vessel is designed to meet the classification
requirements of the American Bureau of Shipping (ABS) and with
modifications can accommodate up to 70 men. The vessel was built in
Fujian Mawei Shipbuilding Ltd., a shipyard based in Fujian, China.

In the past few months, the Group has announced contract wins for
long-term charters, worth close to US$170 million including options,
for two of its accommodation barges - the Lewek Conqueror and the
Lewek Chancellor. The addition of the newbuild accommodation and
support vessel is in line with the Group's strategy to continue to
grow its accommodation fleet and to focus on the growing offshore
accommodation and support services market, especially in the
Asia-Pacific region.

ABOUT THE COMPANY

www.emasoffshore-cnp.com

Oslo Børs listing: October 2007

EOC Limited is a provider of offshore accommodation, construction and
production vessels and services. The Group is headquartered in
Singapore and operates across key markets in the Asia-Pacific region,
such as Brunei, Indonesia, Malaysia, Vietnam and Thailand.

The Group operates accommodation and/or construction units and
floating production, storage and offloading ("FPSO") systems and its
excellent operational and HSE (health, safety and environment) track
record has allowed it to establish strong working relationships with
leading international oil majors, national oil companies and various
independent operators.

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.

FOR FURTHER ENQUIRIES

Mr. Jason Goh

EOC Limited

65 6590 8209

investor_relations@emasoffshore-cnp.com

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http://news.cision.com/eoc-limited/r/eoc-enters-into-contract-to-acquire...
http://mb.cision.com/Public/738/9614916/9fb1e2f0901aa171.pdf

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