PACC Offshore Services Holdings (POSH) has secured a charter contract worth about $80.5 million for its semisubmersible accommodation vessel, POSH Xanadu¸ to work for Petrobras supporting the operator’s oil and gas production activities in the Campos Basin.
Petrobras will charter the Xanadu for one year beginning in December 2014 and has an option to extend the charter by another year. If the charter period is extended, the total contract value will be more than $144 million, POSH said.
The Xanadu is a high-capacity, high-specification 750-berth DP-3 flotel.
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