Petrobras charters ‘Posh Xanadu’ floatel

Singapore’s PACC Offshore Services Holdings Ltd. (POSH) has secured a charter contract worth approximately US$80.5 million for its semi-submersible accommodation vessel (SSAV), the “POSH XANADU”, for use by Petrobras, the Brazilian national oil company, to support its oil and gas production activities in the Campos Basin.
Petrobras charters 'Posh Xanadu' floatel


Petrobras will charter the “POSH XANADU” for one year, beginning around December 2014 and has an option to extend the charter by another year. In the event the charter period is extended, the total contract value will be in excess of US$144 million.

Gerald Seow, Chief Executive Officer of POSH said, “This contract was awarded after a stringent assessment by Petrobras on the operating capabilities of the “POSH XANADU”. It confirms the capability of our SSAV design to meet the operating requirements of deepwater oil field operations around the world and reaffirms the strong demand in the deepwater accommodation sector.”

The “POSH XANADU” is a high capacity and high specification 750-berth DP3 Floatel. It is designed to offer the highest levels of safety, comfort, and welfare facility to the offshore oil field workers, enabling them to walk to work, rest, and enjoy first-class catering and recreational facilities on board and a safe habitat in case of emergencies.

Other facilities on board include large conference rooms, client offices with modern workstations, workshops, warehousing facilities, and 2 large offshore cranes of up to 300 tons safe working load.


Press Release, May 14, 2014