POSH TERASEA EXECUTIVES GIVEN UNIQUE OPPORTUNITY TO EXPERIENCE MEGA PROJECT FIRST HAND THROUGH ONBOARD ATTACHMENT
The fourth mega project undertaken by our POSH Terasea joint venture in 2017, on towing and positioning the Total Egina Floating Production Storage and Offloading ("FPSO") vessel, began on October 31.
Three 200TBP tugs were deployed to guide the FPSO from the Samsung Heavy Industries ("SHI") shipyard in Geoje, South Korea on its three-month journey to Nigeria. There, the FPSO would be completed with its topsides before making its way to its final destination - the Total-operated Egina field - about 130 kilometres offshore.
As part of exposing our onshore staff to the realities of offshore operations, two POSH Terasea officers – Senior Manager James Teo and Operations Executive Sarah Ghazalie – were given a unique opportunity to sail aboard Terasea Eagle, one of the vessels supporting the Egina FPSO, to witness the mega project up close. This experience proved to have widened their horizons and allowed them to build a stronger bond with their seafaring counterparts as part of the bigger POSH family.
James said, “After months of meticulous planning, nothing beats the satisfaction of seeing the convoy depart SHI Geoje safely. All thanks to the dedication and effort of the experienced shore-based project team that made this possible. Being on board Terasea Eagle is an entirely different and valuable experience, one that I deeply cherish.”
Sarah, who recently joined POSH, added, “We were very excited to be onboard Terasea Eagle. Throughout the voyage, the crew were extremely helpful and accommodating to James and I. The success of any project execution is never possible without the dedication of our crew and I am grateful to have witnessed their professionalism and teamwork. This helped me appreciate the challenges of the job better.”
From encountering Typhoon Saola on departure day from Geoje, South Korea to facing down the rough Kuro Shio currents, the 15-day voyage proved to be an experience of a lifetime for the two. Read more about their time at sea on the POSH Terasea website.
In April this year, the POSH Arcadia will be supporting ENI’s Jangkrik Floating Production Unit (FPU) located off Balikpapan, Indonesia during the hook-up and commissioning phase. The column stabilised offshore accomodation vessel was chosen over a conventional spread moored accommodation barge as she can be operated in DP3 mode which will allow her to stay continuously connected to the FPU by a Passive Heave Gangway. This will significantly
reduce the frequencies of crew transfers by boat. The high-end accommodation with top of the range facilities such as an equipped gym, cinema, internet room and lounges will be well received by the personnel and clients from Saipem Triparta Chiyoda Joint Operations working offshore. The POSH Arcadia will be supporting the Jangkrik FPU till end of June, before she embarks on her next project with Technip FMC to support the Shell Prelude FLNG offshore Australia. POSH Terasea will be towing the FLNG from Korea with three units of 200TBP tugs and another 200T escorting tug. Upon arrival in the Prelude field, a fifth 200TBP tug from POSH Terasea together with POSH Arcadia will be joining the convoy to support the hook up and commissioning works.
HSER AWARDED HEAVY LIFT CONTRACTS
Two of our floating sheerleg cranes, PWL501 (500 tonne lifting capacity) and PWL1501 (1,500 tonne lifting capacity), were engaged to carry out the load out operation of subsea equipment in Singapore.
To ensure the equipment would be flawlessly lifted and placed evenly on the transportation vessel MV Deep Orient, planning and engineering for the operation began as early as February 2017.
The load-out was carried out in two stages. PWL501 was first deployed to a fabrication yard to load two cargoes onto a flat top barge. Thereafter, the loaded barge was moved to Jurong Port where the cargoes were lifted and loaded onto MV Deep Orient by PWL1501.
PWL1501 also loaded two units of hose reel (approximately 400 tonnes each) onto the MV Deep Orient from Jurong Port’s quayside.
Even with a tight project schedule, our close working relationship with the client and the team’s concerted efforts paid off handsomely with the smooth and on-time completion of the load-out.
SEMCO SALVAGE & TOWAGE REFLOATS BULK CARRIER OFF SEYCHELLES ISLANDS
On the evening of February 2, 2017, Alam Manis ran aground in the sandy shallows of Saya De Malha Ba off Seychelles Islands while on her voyage from Richards Bay, South Africa to Pipavav, India. Fortunately, no crew was injured. However, reports of an oncoming tropical cyclone raised concerns for the safety of the crew.
Semco Salvage & Towage Private Limited (“SSTPL”) was
engaged by Manis Shipping, owner of the Alam Manis, to
refloat her immediately and Anchor Handling Tug Supply
("AHTS") vessel POSH Virtue was rapidly deployed to the
location.
On site, SSTPL worked with Manis Shipping’s crisis
management team to coordinate the operation. At the
same time, POSH Virtue executed hydrographic surveys on the surrounding sandy shallow waters, mapping out the egress route while the salvage team carried out underwater inspection and preparations for the refloating operation.
With good weather conditions and a favourable high tide,
Alam Manis was successfully refloated without losing any cargo or causing any damage to the environment on the morning of February 11, 2017. POSH Virtue then towed Alam Manis out of the shallow water maze. This was followed by a final underwater inspection by our salvage team before she finally resumed her voyage to Pipapav, India.
PACC Offshore Services Holdings (POSH) has won a contract from Technip Oceania to deploy its semi-submersible accommodation vessel POSH Arcadia to support Shell’s floating LNG facility Prelude.
POSH Arcadia will provide accommodation support for up to 750 people during the hook-up and commissioning phase of the Shell Prelude FLNG Project in the Browse Basin, off the north-west coast of Western Australia.
In January, POSH’s joint venture with Singapore’s Terasea was appointed to provide towage and positioning services at the Prelude facility (pictured).
Offshore marine services provider, PACC Offshore Services Holdings Ltd. (“POSH” or “the Group”), today announced it has been awarded long term charters for eight offshore supply vessels with a combined value of approximately US$167.5 million by a Middle Eastern national oil company.
The Group will supply eight Anchor-Handling, Supply and Safety Standby vessels, of which six will be newbuilds. The vessels, on a firm five-year charter with two one-year extension options, will support the national oil company’s operations at the Arabian Gulf. The charters will commence progressively following delivery, with vessels to be handed over to the client starting from December 2016.
The contracts awarded are in addition to the earlier 4 newbuilds awarded in February this year. Chief Executive Officer of POSH, Captain Gerald Seow, said, “We are pleased to have been awarded 8 more vessel contracts in the Middle East. This further validates our strategy to pursue pockets of growth in key markets that exist despite the challenging industry conditions.
“We will continue to differentiate ourselves and focus on maintaining and improving our best-in-class service to our clients across the offshore marine value chain. We are grateful that our client continues to place their trust in us” These contracts secured are not expected to have a material impact on the net tangible assets or earnings per share of the Group for the financial year ending 31 December 2016.
For further information or to speak to a POSH spokesperson, please contact:
Mr Tan Tze Koon, POSH, Risk and Investor Relations, Manager,
+65 8339 6494, tzekoon.tan@paccoffshore.com.sg
Ms Josephine Chew, WATATAWA Consulting, Associate Partner,
+65 9061 0353, josephine.chew@watatawa.asia
Mr Ong Chor Hao, WATATAWA Consulting, Associate,
+65 9627 2674, chorhao.ong@watatawa.asia
About PACC Offshore Services Holdings (“POSH”)
PACC Offshore Services Holdings (“POSH”) is listed on the Singapore Exchange and is the largest Asia-based international operator of offshore support vessels, and among the top five globally, with a diversified fleet providing marine support services to the offshore oil and gas industry.
The Group’s four key business divisions are:
Offshore Supply Vessels (“OSV”) – supports mid- to deep-water operations of rigs and oilfield operators (exploration and construction phases)
Offshore Accommodation (“OA”) – operates a fleet of offshore accommodation vessels providing a range of solutions for offshore construction, modification & maintenance, and decommissioning activities
Transport & Installation (“T&I”) – supports marine contractors in construction and maintenance of oilfield infrastructure and pipelines
Harbour Services & Emergency Response (“HSER”) – operates a fleet of harbour tugs actively engaged in supporting harbour towage operators. A joint venture also provides heavy lift services to shipyards engaged in the construction, repair and conversion of ships, offshore drilling units, other offshore structures, topside production and processing facilities.
