In January this year, POSH was engaged by China Oilfield Services Limited (COSL) to carry out harbour towage & float on-off operations within the Singapore Harbour. The towage involved two jack-up rigs, COSL Boss and COSL Seeker, which were reactivated from cold stack in Labuan, Malaysia for the preparation in Singapore shipyards prior to their respective forward charters.
As part of the engagement, POSH Terasea was awarded the contract for ocean towage of COSL Boss from Malaysia to Singapore before our Harbour Services Division took over. Four 4,000BHP harbour tugs, namely POSH Guardian, POSH Gentle, POSH Grace, and PW Berani, were used to transport COSL Boss within the Singapore harbour to Keppel FELS shipyard.
Just a month after the COSL BOSS project, COSL awarded another contract to POSH. This time, four harbour tugs were called to tow the COSL Seeker from Singapore anchorage to Sembcorp Marine Shipyard at Tuas Boulevard. Of the four harbour tugs involved, two were 5,000BHP (POSH Husky and POSH Hardy) while the other two were 4,000BHP (PW Benar and PW Berani).
These two projects challenged us in many ways due to their tight schedules. In particular, the COSL Seeker operation required absolute precision and perfect coordination between our harbour tugs and the tow master to prevent any collision between the jack-up rig and the heavy lift vessel's deck structure. By working closely with COSL, the Tow Masters, as well as the Marine Warranty Surveyor, both projects were swiftly and safely completed.
Earlier this year, POSH was appointed as the heavy lift services provider for the construction of a container terminal in the Port of Thilawa to meet the ever-growing demand at one of Myanmar's key logistics hubs. To start off, the 3,600 BHP PW Lambda was used to tow the floating sheerleg crane PW L501 to and from Myanmar to support the installation of 20 steel jetty platform modules, each weighing approximately 200 tonnes, onto pilings located near the shore.
Preparation for this project began five months ahead of the commencement date. Despite high scrutiny and time pressure from the main contractor, Toyo Construction, our team exceeded expectations and completed the project three weeks earlier than planned.
The professionalism and teamwork POSH demonstrated during these projects underline our commitment to service excellence. We are also pleased to be able to offer solutions across our diversified service portfolio, thereby providing a one-stop shop for our clients.
In January this year, POSH was engaged by China Oilfield Services Limited (COSL) to carry out harbour towage & float on-off operations within the Singapore Harbour. The towage involved two jack-up rigs, COSL Boss and COSL Seeker, which were reactivated from cold stack in Labuan, Malaysia for the preparation in Singapore shipyards prior to their respective forward charters.
As part of the engagement, POSH Terasea was awarded the contract for ocean towage of COSL Boss from Malaysia to Singapore before our Harbour Services Division took over. Four 4,000BHP harbour tugs, namely POSH Guardian, POSH Gentle, POSH Grace, and PW Berani, were used to transport COSL Boss within the Singapore harbour to Keppel FELS shipyard.
Just a month after the COSL BOSS project, COSL awarded another contract to POSH. This time, four harbour tugs were called to tow the COSL Seeker from Singapore anchorage to Sembcorp Marine Shipyard at Tuas Boulevard. Of the four harbour tugs involved, two were 5,000BHP (POSH Husky and POSH Hardy) while the other two were 4,000BHP (PW Benar and PW Berani).
These two projects challenged us in many ways due to their tight schedules. In particular, the COSL Seeker operation required absolute precision and perfect coordination between our harbour tugs and the tow master to prevent any collision between the jack-up rig and the heavy lift vessel's deck structure. By working closely with COSL, the Tow Masters, as well as the Marine Warranty Surveyor, both projects were swiftly and safely completed.
Earlier this year, POSH was appointed as the heavy lift services provider for the construction of a container terminal in the Port of Thilawa to meet the ever-growing demand at one of Myanmar's key logistics hubs. To start off, the 3,600 BHP PW Lambda was used to tow the floating sheerleg crane PW L501 to and from Myanmar to support the installation of 20 steel jetty platform modules, each weighing approximately 200 tonnes, onto pilings located near the shore.
Preparation for this project began five months ahead of the commencement date. Despite high scrutiny and time pressure from the main contractor, Toyo Construction, our team exceeded expectations and completed the project three weeks earlier than planned.
The professionalism and teamwork POSH demonstrated during these projects underline our commitment to service excellence. We are also pleased to be able to offer solutions across our diversified service portfolio, thereby providing a one-stop shop for our clients.
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.
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, [email protected]
Ms Josephine Chew, WATATAWA Consulting, Associate Partner,
+65 9061 0353, [email protected]
Mr Ong Chor Hao, WATATAWA Consulting, Associate,
+65 9627 2674, [email protected]
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.
