Icon Offshore expects better financial performance

TheStar Tue, Mar 15, 2022 09:50am - 2 years View Original


Managing director Datuk Seri Hadian Hashim said the company has also improved the utilisation rate of its offshore support vessels (OSVs) and jack-up drilling rig to 90% last year from 72% in 2019.

KUALA LUMPUR: Offshore support outfit Icon Offshore Bhd expects to chart a better financial performance for the financial year ending Dec 31, 2022 (FY22) on the back of higher demand for its services as well as the uptick in the daily charter rate (DCR).

Managing director Datuk Seri Hadian Hashim said the company has also improved the utilisation rate of its offshore support vessels (OSVs) and jack-up drilling rig to 90% last year from 72% in 2019.

“The OSVs are making money, the rig is performing very well and there is no downtime since we started operating the rig from the end of the first quarter to the beginning of the second quarter.

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