‘Skandi Santos’ gets $387M contract extension with Petrobras
- Business & Finance
AKOFS Offshore, a part of Akastor ASA, has secured a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil.
The extension, worth about NOK 2.5 billion ($386.7 million), will start March 1, 2015 in direct continuation of the current contract. The vessel is currently operating under a five-year contract with Petrobras that began March 1, 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 2,300 meters. During the contract extension period the vessel will 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.
Skandi Santos is a state of the art subsea equipment support vessel specially designed and equipped for deepwater subsea equipment installation, intervention and recovery and represents a first class field construction platform for deep and ultra-deep waters.