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 Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

Huisman Cranes for New Maersk Subsea Support Vessels

In December 2014, Huisman secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt

Boost for Offshore Wind Energy

As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior

Offshore

New Chemical Handling Service from Ferguson Group

Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha.    Ferguson Group Australia, global specialist in offshore DNV 2.

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

Boost for Offshore Wind Energy

As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2741 sec (4 req/sec)