Offshore marine providers supplier PACC Offshore Providers Holdings (POSH) has commenced work on a serious subsea set up and building undertaking off India’s west coast, after securing a contract price over $100m with its consortium companion Seamec.
Underneath the contract, POSH and Seamec are offering subsea providers for the seventh improvement part of the Oil and Pure Gasoline Company (ONGC) pipeline substitute undertaking for engineering, procurement and building (EPC) conglomerate .
POSH will deploy 4 vessels, together with the heavy subsea building and set up vessel POSH Natuna and dive assist vessel POSH Mallard for the undertaking, which is predicted to run till Might 2024. POSH will oversee general undertaking administration, built-in scheduling, and set up engineering facets because the lead companion of the consortium.
“This contract win demonstrates the sturdy progress made by POSH Subsea in successful and managing offshore initiatives, having carried out quite a few related initiatives previously few years. It solidifies our place as a companion of alternative within the fast-growing subsea house, which is an space of focus for us,” stated Ulva Chai, chief working officer at POSH.