Jakarta: PT Wintermar Offshore Marine and PACC Offshore Services Holdings (POSH) have announced their agreement to enter into a joint venture aimed at the AHTS sector in Indonesia.
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 a half years.
"We are excited to embark on this new venture with Wintermar. POSH is firmly committed to the fast growing Indonesian offshore oil and gas industry. Wintermar's market leadership is demonstrated in their excellent track record, in depth knowledge and extensive local network, which will be a great benefit as together we grow the business through Indonesian flagged AHTS. We are also aligned in our commitment to high international and safety standards," remarked Lee Keng Lin, Director of Posh, a subsidiary of Robert Kuok’s Malaysian Bulk Carriers. [23/11/12]