Brazil: Deep Sea Supply Secures 3 Long Term PSV Contracts Worth $100 M

Deep Sea Supply announces that the company has been awarded long term contracts with Petrobras for 3 PSVs of UT 755L design for operations in Brazil.

The contract period is 4 year firm plus 4 year option. The total value of the firm period of the contracts is in excess of USD 100 mill.

Commencement will be during Q4 2010 for all vessels.

Deep Sea Supply will have a fleet of 10 OSV`s operating in Brazilian waters by end of 2010.

[mappress]

Source: DeepSeaSupply, September 27, 2010: