The deal was announced previously on 30 November 2012 and 28 March 2013, pursuant to which EOC Limited said that it had signed a Share Sale Agreement with Perisai Petroleum Teknology Berhad concerning the acquisition.
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.
Press Release, December 26, 2013