Petrobras Awarded Long-Term Charters to Singapore’s POSH for POSH Arcadia and POSH Xanadu Semi-Submersible Accommodation Vessels for Pre-Salt Operations
The offshore accommodation platforms will be used for maintenance and accommodation support for Petrobras platforms and floating production storage and offloading vessels (“FPSO”) in Brazilian pre-salt waters for approximately 3 years.
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Petrobras will have the option to extend the contracts for an additional 1.5 years for both vessels that will operate in the pre-salt.
This is the third contract for POSH Xanadu and the first for POSH Arcadia with Petrobras. Both platforms are designed for deep waters and aggressive operational environments, such as the Brazilian pre-salt. They provide accommodation for 750 people each.
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Lee Keng Lin, CEO of POSH, said: “Our repeated successes with Petrobras are especially important in such uncertain times. This further distinguishes and solidifies our position within the offshore accommodation space, which continues to be an important part of our business”.
“These regulations will provide stability to our business in the coming years as we continue to accelerate POSH’s transformation to become a future-ready company, providing sustainable solutions for the global energy sector”, Lin added.
Petrobras Drills Well and Identifies Hydrocarbons in the Pre-Salt of the Campos Basin
Well 1-BRSA-1376D-RJS (Naru) is located approximately 308 km from the city of Rio de Janeiro, in a water depth of 2,892 meters. Petrobras announced on Wednesday (23) that the well confirmed the presence of hydrocarbons in carbonate reservoirs of the pre-salt region.
Block CM-657 was acquired in March 2018, in the 15th bidding round of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), under the concession regime. Petrobras’ asset is located in the southern sector of the Campos Basin.

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