Three-Year Contract Extension for ‘Safe Concordia’

  • Business & Finance

Three-Year Contract Extension for 'Safe Concordia'

Prosafe has been awarded a contract extension by Petrobras Netherlands B.V. (Petrobras) for the provision of the Safe Concordia semi-submersible vessel for safety and maintenance support offshore Brazil. 

The firm period of the contract extension is three years and commences in June 2014, immediately following expiry of the existing contract firm period.

Total value of the contract extension is approximately USD 179 million.

The award of this contract extension demonstrates the continued long-term demand for safety and maintenance support services within Brazil.

Prosafe, December 9, 2013

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