Petrobras goes on vessel charter spree

Petrobras has chartered four anchor handling tug supply vessels from Siem Offshore and two platform supply vessels from Deep Sea Supply.

Offshore staff

KRISTIANSAND, Norway and LIMASSOL, Cyprus – Petrobras has chartered four anchor handling tug supply vessels from Siem Offshore and two platform supply vessels from Deep Sea Supply.

Siem says the four-year contracts are valued at $285 million and all the vessels will be in operation in Brazil by February 2011. Petrobras says it has the option to extend the Siem vessels contracts for four additional years, pending mutual agreement.

These four vessels will add to Brazil’s current list of 10 vessels in operation and eight more under construction. The contract backlog for these was $335 million at the end of 1Q 2010 and the potential value of contract extensions was $310 million.

Deep Sea will supply the Sea Bass and Sea Halibut PSVs for four years also, with operations to start in July 2010 for both. This will give Deep Sea five offshore supply vessels in Brazilian waters.

06/11/2010

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