Singapore-based offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH or the Group), revealed Monday that its specialist offshore service contractor joint venture, POSH Terasea, has secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (FLNG) platform – the world’s largest offshore facility ever constructed.
POSH Terasea was awarded the project after a competitive bidding process. As part of the project, POSH Terasea will undertake to tow the Shell Prelude FLNG over 3,000 nautical miles from Samsung Shipyard in Geoje, South Korea, where it is being built, to Australia, where it will be deployed. It will then position the FLNG before it begins production at the Prelude gas field in the Browse LNG Basin, 124 miles (200 kilometers) off the northwest coast of Australia. POSH Terasea will be in charge of the overall towage project management.
President and Director of POSH Terasea Eric Ng, said: “Towing and positioning a Floating Facilities that is about four times the size of a football field from Korea to a gas field in Australia will be a massive and complex undertaking. We are excited to be entrusted to play such a critical role in this milestone development and look forward to successfully delivering on yet another project.”
For the project, POSH Terasea will deploy five vessels: Namely four Large Anchor Handling and Towage Vessels (AHT), the Terasea Osprey, Terasea Falcon, Terasea Hawk, Terasea Eagle; and one 16,000 brake horsepower (BHP) Anchor Handling Tug Supply vessel (AHTS), the POSH Champion.
The Shell Prelude FLNG facility is 1,601 feet (488 meters) long and 243 feet (74 meters) wide and has a fully loaded displacement capacity of about 600,000 tons. It has around 260,000 tons of steel in the facility alone, around five times the amount of steel used to build the Sydney Harbour Bridge.
This also underscores POSH’s differentiated business strategy to diversify across the offshore services sector, especially in areas with strong prospects like deepwater transport and installation.”
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