Petrobras awards five-year contract extension to Skandi Santos

Petrobras awards five-year contract extension to Skandi Santos

OSLO, Norway -- AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a subsea equipment support vessel in Brazil.

The extension, worth about $387 million (NOK 2.5 billion), will start March 1, 2015, in direct continuation of the current contract. The vessel is currently operating under a five-year contract with Petrobras that began March 1, 2010.

The Skandi Santos is designed to install and retrieve subsea trees and modules, including subsea structures and manifolds at water depths of up to 2,300 m. The vessel will during the contract extension period continue with its current scope of work and also start installing Petrobras' new generation of subsea trees offshore Brazil.

The Skandi Santos and the installed remotely operated vehicles are owned by DOF Subsea and leased to AKOFS Offshore, who owns and operates the vessel's topside and subsea equipment.