POSH Bags Shell FLNG Contract

 

The 750-pax POSH Arcadia will be deployed to provide accommodation support for the hook-up and commissioning phase of the Shell Prelude FLNG Project in the Browse Basin, off the north-west coast of Western Australia.

 

This is POSH’s second contract for the Prelude FLNG Project. In January 2016, the POSH Terasea joint venture, comprising POSH and Terasea Pte. Ltd., was appointed to provide towage and positioning services for the facility.

 

Chief Executive Officer of POSH, Captain Gerald Seow, said: “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 incident.”

 

The POSH Arcadia is POSH’s second state-of-the-art SSAV. The 750-pax DP3 floatel is among the world’s largest SSAVs, designed to offer first class safety and comfort for operations in deep water and harsh environments. It is certified “Clean Comfort Class” by Det Norske Veritas, a leading international certification and classification group, reflecting the high environmental emission standards and stringent noise and vibration control requirements under which the vessel was designed and constructed to meet.

 

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.