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Malaysia’s Bumi Armada Berhad announced Tuesday that Lukoil-Nizhnevolzhskneft has awarded the company contracts to provide three Ice-Class vessels to service offshore platforms in the Caspian Sea Filanovsky field.

Each of the Ice-Class contracts is for 10 years, with the possibility of extensions for up to 20 years.

The Ice-Class contracts have an estimated value of $262 million for the fixed 10 years.

Bumi Executive Director and CEO, Hassan Basma said, “These contracts further reinforce the consolidation of our business in the Caspian region and strengthens our market position.This is the first time we will be building Ice-Class vessels to complement our OSV (offshore support vessel) fleet of some 50 vessels.”

They will each be able to accommodate 24 persons on board. The multipurpose duty-rescue vessel will have about 6,000 bhp, will be 262.4 ft  long and 54.1 ft wide.

This vessel will also have oil spill collection and storage facility, cabins for 24 persons along with temporary accommodation for 125 rescued persons.