February 24, 2017 9:53 PM ET

Energy Equipment and Services

Company Overview of POSH SEMCO Pte Ltd.

Company Overview

POSH SEMCO Pte Ltd. provides offshore marine services in Singapore and internationally. It offers offshore and marine oil field services. The company operates in five business divisions: Deepwater Services; Offshore Construction Support Services; Engineering, Procurement, Installation, and Commissioning (EPIC) Services; Harbour Services; and Emergency Response Services. Its Deepwater Services division operates a fleet of offshore support vessels for the deep sea anchor handling and supply needs of FPSOs, as well as jack-up and floater rigs. The company’s Offshore Construction Support division operates a fleet of AHT, tank and submersible barges, and accommodation vessels primarily on the con...

No 1 Kim Seng Promenade

#07 - 02 Great World City

Singapore,  237994

Singapore

Founded in 1951

Phone:

65 6839 6500

Fax:

65 6839 6702

Key Executives for POSH SEMCO Pte Ltd.

Chief Executive Officer and Executive Director
Chief Financial Officer
Divisional Director of Offshore Construction Support
Executive Director of Fleet Services
Director of Deepwater Services & Harbor Services
Age: 41
Compensation as of Fiscal Year 2016.

POSH SEMCO Pte Ltd. Key Developments

PACC Offshore Services Holdings Ltd. Announces Legal Action by Makamin Offshore Saudi Ltd against POSH Saudi Company and POSH Semco Pte. Ltd

The Board of Directors of PACC Offshore Services Holdings Ltd. refers to the announcements dated 21 March 2016, 6 April 2016, 13 December 2016 and 7 February 2017 in relation to, amongst others, the commencement of legal action by Makamin Offshore Saudi Ltd. against POSH Saudi Company (POSH Saudi) and POSH Semco Pte. Ltd. (PSPL), each of which is a subsidiary of the company. The board announced that the group has been informed by its Saudi Arabia counsel that the court in Saudi Arabia has ruled to reject the claims by Makamin against the group (including POSH Saudi and PSPL). The grounds of the court's decision are expected to be issued in writing in due course.

Makamin Offshore Saudi Ltd Severs Court Papers to POSH SEMCO Pte Ltd

The Board of Directors of PACC Offshore Services Holdings Ltd. referring to the announcements dated 21 March 2016, 6 April 2016 and 13 December 2016 in relation to, amongst others, the commencement of legal action by Makamin Offshore Saudi Ltd. against POSH Saudi Company, a subsidiary of the company. The Board announced that the Group has been informed that the court in Saudi Arabia had considered that the company's subsidiary, POSH Semco Pte. Ltd. (PSPL), had effectively been served court papers by Makamin. The group intends to vigorously contest and defend against any claim, charge or allegation made against PSPL by Makamin and will take all steps necessary to protect its reputation, its interests and the interests of its shareholders.

Technip Oceania Pty Ltd Awards Contract to PACC Offshore Services Holdings Ltd

PACC Offshore Services Holdings Ltd. announced that it has been awarded a contract by Technip Oceania Pty Ltd. through its subsidiary POSH Semco Pte Ltd, to support Shell's Prelude floating liquefied natural gas (FLNG) facility using its semi-submersible accommodation vessel (SSAV) the "POSH Arcadia". The 750-pax POSH Arcadia will be deployed to provide accommodation support for the hook-up and commissioning phase of the Shell Prelude FLNG Project in the Browse Basin, off the north-west coast of Western Australia. This is POSH's second contract for the Prelude FLNG Project. In January 2016, the POSH Terasea joint venture, comprising POSH and Terasea Pte. Ltd., was appointed to provide towage and positioning services for the facility.

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