POSH Secures Contract to Tow Shell Prelude FLNG from S.Korea to Australia
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.
Chief Executive Officer of POSH, Captain Gerald Seow, said, “We are proud to be part of what will be a landmark project for the entire oil and gas industry. This contract win is testament to POSH Terasea’s strong track record as the world’s leading offshore transport and installation services provider.
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.”
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Samsung Wins Mad Dog 2 Fabrication Contract (Jan 05)
- After 20,000 Job Cuts, World's Top Shipyards Brace for More (Oct 26)
- South Korean Yards Restructure, Trim Workforce (Sep 08)
Company: Royal Dutch Shell plc more info
- Truce Reached over Canadian Shell Pipeline (Jan 10)
- Louisiana Petchems Unit Starts Up (Jan 07)
- Shell Extends Jackup Contract in Trinidad (Jan 02)
Company: PACC Offshore Services Holdings (POSH) more info
- POSH Posts $17.5M Net Loss in 2Q 2016, Revenue Dips 35% to $46.1M (Aug 03)
- POSH Wins Contract from Technip for Prelude FLNG Project in Browse Basin (Jun 27)
- Mothballed Ships In SE Asia Show Pain Inflicted By Oil Slump (May 31)