Petrobras Inks Deals for 23 OSVs. 24 More to Come (Brazil)

Brazil’s state-controlled oil company Petrobras on Thursday signed contracts for 23 support vessels, as part of the 3rd Fleet Renewal Plan for Offshore Support Vessels.

The units, type PSV 4500 and OSRV 750, fulfill 60% local content requirements and will be built in Brazil.

Petrobras said that prices presented were competitive, given expected metrics and budgets. The company, however, did not disclose financial details of the agreements.

This was the 4th Round of the Fleet Renewal Plan. In July this year, Petrobras will go to the market for another 24 offshore support vessels (5th Round), thus fulfilling the 2014 contracting target of 146 vessels to be built in Brazil, as planned in the 3rd Renewal Plan Fleet for Offshore Support Vessels.