Fossil Energy – Subsea Installation
Offshore marine services provider, PACC Offshore Services Holdings (POSH), has commenced work on a major subsea installation and construction project off India’s west coast, after securing a contract over US$100 million with its consortium partner Seamec Limited.
POSH is providing an integrated suite of subsea services for the seventh development phase of the Oil and Natural Gas Corporation Pipeline Replacement Project for engineering, procurement and construction conglomerate Larsen and Toubro.
POSH will deploy four vessels including the heavy subsea construction and installation vessel POSH Natuna and Dynamic Positioning 2 Dive Support Vessel POSH Mallard for the project, which is expected to run until May 2024.
POSH will oversee overall project management, integrated scheduling and installation engineering aspects as lead partner of the consortium.
Ulva Chai, Chief Operating Officer, POSH, said, “This contract win demonstrates the strong progress made by POSH Subsea in winning and managing offshore projects, having performed numerous similar projects in the past few years. It solidifies our position as a partner of choice in the fast-growing subsea space, which is an area of focus for us. We are also pleased to add POSH Mallard to our subsea-capable fleet. Together, these developments augur well for POSH as we continue to accelerate our transformation to become a future-ready, sustainable solutions provider for the global energy sector.”