Investor Relations

Email This Print ThisNews

POSH Enhances Presence in Brunei

Back Jul 19, 2018

POSH Elegance with her gangway connected to provide safe walk-to-work solutions for Amec Foster Wheeler

Two of our vessels, the POSH Elegance and POSH Commander, were recently chartered to Brunei as the South East Asian country started to see an uptick in activity.

POSH Elegance, the Multi-Purpose Supply Vessel ("MPSV") from our Offshore Accommodation ("OA") division, has been providing accommodation support and walk-to-work solutions for front-end engineering design contractor Amec Foster Wheeler since May 2018, with an expected charter duration of more than 200 days. Amec Foster Wheeler was awarded a contract by Brunei Shell Petroleum Sdn Bhd for the rejuvenation of assets in Brunei which will run for at least five years from March 2017; and POSH Elegance is equipped with a motion-compensated gangway and crane to support the scope of work.

Meanwhile, our 2,00TBP Anchor Handling Tug Supply ("AHTS") POSH Commander from the Offshore Support Vessel ("OSV") division has been chartered to support the Rapong Exploration Drilling Campaign at Block A, offshore Brunei. The charter includes anchor handling duties for the ultra-deepwater semi-submersible offshore drilling rig Deepwater Nautilus and commencing July 2018 and expected to end in Q1 2019.

These various charters are built on previous projects that we executed, including anchor handling duties for the jack-up rig "West Castor" in 2014 and supporting coil tubing unit operations from March 2015 to September 2016.

Moving forward, POSH will build upon its track record and established reputation to continue pursuing opportunities in this key growth market.