Petrobras and OceanPact Sign $590M Deals for Offshore Services [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Yahoo! Finance
The two companies have signed four new contracts valued at approximately BRL 3.2 billion ($590 million), marking a significant move to enhance offshore operations. These agreements are set to span four years and focus on the chartering of Remotely Operated Vehicle Support Vessels (“ROSVs”), further cementing Petrobras' commitment to maintaining and improving its offshore operations in Brazil. The new charter contracts include services for key offshore fields — Parcel do Bandolim, Parcel das Timbebas, Parcel das Paredes, and Parcel dos Reis. As part of the agreements, OceanPact will supply a fleet of vessels designed to perform essential subsea operations, including offshore structure inspections, preventive and corrective maintenance, as well as the installation and removal of subsea equipment. These services will be carried out using remotely operated vehicles (“ROVs”) capable of operating at depths of up to 3,000 meters. These ROVs are equipped with advanced tools for a wide
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