Secure APAC P&A Flexibility As Vessel and CSV Demand Firm Up

What happened

Solstad signed a letter of intent to book the construction support vessel Normand Cutter for a multi-year subsea programme, removing a large CSV from open availability. The booking is firm for a multi-year period starting in late 2026 and includes two work‑class ROVs and heavy‑lift capability, which is operationally material for subsea P&A and construction scheduling. Watch whether the confidential commercial terms include mobilisation reservation fees or minimum call periods that buyers must match or offset

Why the category manager should care

Treat this as a confirmed reduction in open CSV availability and re-evaluate near-term vessel sourcing plans accordingly

Key facts

• Normand Cutter booked under LoI for a multi-year firm period
• Includes two work-class WROVs, 300t AHC crane and large working deck

What happened

POSH won a lump-sum contract with Subsea7 to deploy its DP3 OCV POSH Deep C for subsea diving and installation in the Arabian Gulf, scheduled for offshore execution in the third quarter of 2026. The deployment uses an integrated saturation and air diving system and shows regional DP3-class demand that can compete with P&A campaigns for critical days and specialist crew. Monitor whether these regional charters create immediate date clashes with APAC mobilisation windows or cascade into longer crew rotations

Why the category manager should care

This is a concrete near-term vessel allocation that reduces available DP3-class days and raises substitution costs for similar scope in APAC

Key facts

• DP3 OCV POSH Deep C assigned to Subsea7 contract
• Work scheduled for the third quarter and uses integrated saturation diving systems

What happened

TotalEnergies has handpicked Daewoo E&C as preferred bidder for Papua LNG central processing facility work in Oceania, signalling a likely large EPCC scope if finalized. The selection is at preferred-bidder stage and the contract is not yet finalized, but if awarded it will absorb regional engineering and fabrication capacity relevant to heavy-lift and yard schedules. Watch whether the preferred bidder selection converts quickly to a signed EPCC contract, which would intensify local demand for fabrication and heavy-lift resources

Why the category manager should care

Consider this a material potential draw on regional fabrication and heavy-lift resources, though final award is still pending

Key facts

• Daewoo E&C named preferred bidder for Papua LNG CPF EPCC
• Project supports CPF and wellpad EPCC scope serving Caution Bay development

What happened

Taihan completed preparations and will deploy a recently purchased cable‑laying vessel (CLV) to a Korean offshore wind project this month, removing a modern CLV from wider availability in the region. The vessel deployment is imminent and aimed at burial operations, which is operationally real for scheduling because CLVs are specialist assets that sometimes support seabed works for P&A campaigns. Watch whether further wind-related CLV acquisitions accelerate, reducing shared availability for decommissioning seabed works

Why the category manager should care

Treat CLV redeployments as a confirmed local demand shift that can limit options for burial, trenching or seabed remediation support in APAC

Key facts

• Skandi Connector CLV acquired and prepared for first offshore wind assignment
• Deployment scheduled this month for cable burial operations at Yeonggwang Nakwol