WINS & POSH Form Indonesian Offshore J/V

Press Release
Monday, November 26, 2012
WINS AHTS Vessel: Photo credit PT Wintermar Offshore

PT Wintermar Offshore Marine Tbk (WINS) joins with PACC Offshore Services Holdings Ltd (POSH) for Indonesian oil and gas joint venture.

The joint venture will own and operate two units of Indonesian flagged 100+ tons bollard pull AHTS, “WINPOSH Rampart” and “WINPOSH Resolve”, both of which have been awarded contracts to support drilling activities for a multinational oil and gas company for up to two and half years.

This joint venture will consolidate WINS' market share as one of the leaders in the offshore support services industry in Indonesia, and allow the JV to meet the strong demand for offshore support vessels in Indonesia.

The government has awarded an increasing number of offshore blocks for drilling and exploration activities in Indonesia since 2007. Higher offshore activities coupled with deadline for Cabotage have created a strong demand for Indonesian flagged offshore vessels, particularly in deepwater projects.

 "Deepwater drilling will drive the exploration activities in the coming years as most of the new offshore blocks are located in the straits of Makassar and Eastern parts of Indonesia. With the deepwater experience that POSH brings, and their large fleet and global experience, we are well positioned to serve the growing demand for deepwater vessels in Indonesia's offshore oil and gas industry." said Sugiman Layanto, Managing Director of WINS.

As at 30th September 2012 the total contracts on hand of WINS are valued at US$ 264-million, compared to US$196-million at the end of June 2012.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Technip Bags Woodside's Subsea Contract

Technip has been awarded a large(1) subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia, at a water

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

Broad Declines drag Baltic Index down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels.

Offshore

Cambodia Urged ASEAN to Avoid Words That Escalate Tension

Cambodia advised a grouping of South East Asian nations to avoid using words that "would escalate tension between China and the Philippines" in a weekend statement,

Summer Cruise to North Sea Oil Rigs Amazes Tourists

Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first ever "rig-spotting" cruise just ended off the coast of Norway,

Staying Afloat Down Under?

In recent years, Australia has been a major growth area for offshore gas production and a key driver of offshore CAPEX, says Clarksons Research.   However, the

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0913 sec (11 req/sec)