Prosafe Signs $109 Million Contract Extension With Petrobras for Offshore Brazil Work

Wedoany.com Report-Jan 13, Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.

The original 650-day firm period was due to complete in February 2025, but has been extended by 954 days resulting in operations into September 2027 with an increase in the fuel allowance from 20m3 to 25m3 per day through the extension.

Total value of the contract extension is approximately USD 109.7 million.

“The Safe Zephyrus has been performing extremely well for Petrobras, serving its role supporting safety and maintenance within the important Buzios business unit offshore Brazil," said Terje Askvig, CEO of Prosafe. "This significant extension emphasizes the continued and increasing demand for high specification units in the region where Prosafe is well placed to increase its market share.”