PACC Offshore Services Holdings (POSH) has secured a charter contract worth approximately US$80.5 million for its semi-submersible accommodation vessel 'POSH Xanadu'.
The vessel will be used by Petrobras to support its oil and gas production activities in the Campos Basin in offshore Brazil.
Petrobras will charter the 'POSH Xanadu' for one year, beginning in December 2014. The company also has an option to extend the charter by another year.
In the event that the charter period is extended, the total contract value will be in excess of US$144 million.
The 'POSH Xanadu' is a high-capacity and high-specification 750-berth DP3 floatel. It is designed to offer the high levels of safety and comfort to offshore oil field workers.
Other facilities on board include large conference rooms, client offices with modern workstations, workshops, warehousing facilities, and two large 300-tonne offshore cranes.
Additionally, the 'POSH Xanadu' is certified by DNV to clean and comfort-class notations.
