Singapore owner PACC Offshore Services Holdings (POSH) has clinched a contract in India worth more than $100m.
The Kuok Group company has started work on the seventh development phase of oil producer ONGC’s pipeline replacement project, under contract from construction company Larsen and Toubro (L&T).
POSH is teaming up with Indian vessel operator Seamec for the business.
The Singapore player is using four vessels to service the contract, including the 95-loa heavy subsea construction and installation vessel POSH Natuna (built 2010) and 89-loa dive support vessel (DSV) POSH Mallard (built 2017).
The work is expected to run until May 2024.
POSH is overseeing overall project management, as well as aspects of integrated scheduling and installation engineering, as lead partner of the consortium.
To further bolster its subsea capacity, the owner has repurposed the POSH Mallard as a DP2 DSV.
The vessel has been retrofitted with 300-metre saturation and air dive systems and equipped with a 100-tonne subsea crane that can work in depths of up to 200 metres.
POSH chief operating officer Ulva Chai said the deal showed the strong progress made by its subsea division over 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,” he added.
POSH controls a fleet of 70 offshore vessels in total.
Kurush Contractor, managing director at POSH Subsea, said he is confident the quality fleet and team will deliver for L&T, and on many more jobs to come.
