Support Deal Awarded For World’s Largest FLNG

Published at 10:08AM - 27/06/16

PACC Offshore Services Holdings Ltd. (POSH) announced today it has been awarded a contract to support Shell’s Prelude floating liquefied natural gas (FLNG) facility, the world’s largest.

The contract has been awarded by Technip Oceania though its subsidiary POSH Semco and will have POSH use its semi-submersible accommodation vessel (SSAV), the POSH Arcadia.

“The contract award for the POSH Arcadia marks our second contract award for Shell’s Prelude FLNG Project. We will continue our focus on ensuring that POSH Arcadia delivers its services efficiently, safely and without incidents”, POSH Chief Executive Officer, Captain Gerald Seow, said.

Support Deal Awarded For World’s Largest FLNG

The POSH Arcadia, with a capacity to accommodate 750 people, is to be deployed to provide accommodation support for the hook-up and commissioning phase of the Shell Prelude FLNG Project.

The work will be done in the Browse Basin, offshore the north-west coast of Western Australia, POSH informed.

Posh Xanadu Offshore Accommodation Vessel
Posh Xanadu Offshore Accommodation Vessel

This is the company’s second contract for the Prelude FLNG Project, following a previous agreement to provide towage and positioning services for the facility, awarded in January 2016 to the POSH Terasea joint venture.

A 750-PAX State-Of-The-Art SSAV

The POSH Arcadia is POSH’s second state-of-the-art SSAV.

It is a DP3 floater with a capacity for 750 people and is among the world’s largest SSAVs.

According to POSH, it has been designed to offer first-class safety and comfort for operations in deep water and harsh environments.

As well as this, it is certified “Clean Comfort Class” by Det Norske Veritas, reflecting the high environmental emission standards and stringent noise and vibration control requirements under which the vessel was designed and constructed to meet.

According to the statement by POSH, the latest contract award is 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.