Great Offshore leases two vessels for $22 mn

Great Offshore, an integrated offshore oilfield services provider, today said it has chartered two vessels to Petroleum Marine Services of Egypt for $22 million (Rs 109.84 crore).

"The company has chartered two of its vessels -- Malaviya Thirty Three and Gal Ross Sea -- to Petroleum Marine Services Co," Great Offshore said in a filing to the Bombay Stock Exchange.

Initially, this contract is for one year, which has an option for two extensions, the company said.

Further, the vessels have commenced operations in the Khafji Oilfields, it added.

Great Offshore was trading at Rs 267.75, up 0.51 per cent in afternoon trade on the BSE.