AKOFS Offshore, a subsidiary of Akastor ASA, has been awarded a five-year contract extension from Petrobras to use the Skandi Santos, a subsea equipment support vessel in Brazil.
The extension, worth approximately NOK 2.5 billion, will commence 1 March 2015 in direct continuation of the current contract. The vessel is currently operating under a five-year contract with Petrobras that began on 1 March 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 2300 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.
Adapted from press release by Katie Woodward