Akastor ASA: AKOFS Offshore AS awarded three-year contract with Petrobras
Thursday 9 December 2021
Akastor ASA’s (OSE: AKAST) 50% owned affiliate AKOFS Offshore AS (AKOFS Offshore) has signed a firm three-year contract with Petróleo Brasileiro S.A. (Petrobras) for its vessel “Skandi Santos” which will perform a broad scope of subsea services in Brazil. The services will commence in Q4 2022 and the total contract value is about USD 107 million. AKOFS Offshore will be performing the Skandi Santos operations with its partners Bravante for marine services and IKM Subsea for ROV services.
The Skandi Santos is designed to install and retrieve subsea trees and modules, including subsea structures and manifolds at water depths of up to 2,500 meters. The vessel is now completing its current contract with Petrobras which began March 1, 2010.