Offshore

AKOFS Offshore signs 4-year, $246 million contract extension with Petrobras

Norwegian offshore service provider AKOFS Offshore has signed a 4-year, USD 246 million contract extension with Petrobras for continued MPSV operations in Brazil. The AKOFS Santos vessel will remain in service under the new agreement starting January 2027.

Photo credit: AKOFS Offshore AS

8, October 2025
126 Views

Norwegian offshore and subsea service provider AKOFS Offshore AS has secured a firm 4-year contract to continue operations for Petróleo Brasileiro S.A. (Petrobras) in Brazil with its AKOFS Santos vessel. The award follows a competitive tender process.

Under the new agreement, operations are expected to commence in January 2027, after the current contract expires and the vessel undergoes necessary preparations.

The total contract value is USD 246 million, of which approximately USD 140 million will be recognized as revenue for AKOFS Offshore and booked into its backlog. After this award, AKOFS reports its total contract backlog stands at about USD 612 million as of Q2 2025.

For execution, AKOFS will partner with Bravante to handle marine services and IKM Subsea to provide ROV operations.

The AKOFS Santos vessel, originally built in 2009 (STX OSCV 03L design), will continue serving Petrobras’ offshore demands under this extension.

Tags: AKOFS Offshore, AKOFS Santos, Brazil offshore, energy industry, Marine logistics, MPSV, offshore contract, Petrobras, ROV operations, subsea services

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

8, Mar
|

Offshore

Petrobras Holds 36 of Brazil’s 49 Offshore Rigs

Petrobras controls 36 of Brazil’s 49 offshore rigs, while Westwood Global Energy Group data point to 5,472 minimum rig days of demand through 2029.

23, Feb
|

Offshore

Tidewater to Acquire WSUT for $500 Million

Tidewater signs a $500 million all-cash agreement for WSUT, adding 22 PSVs, expanding Brazil presence from 6 to 28 vessels, and bringing $441 million backlog.

23, Feb
|

Heavy Transport

NMT Projects Delivers 180 t Calm Buoy to Gabon

NMT Projects completes an end-to-end move of a 180 t Calm Buoy from Dalian, China to Port Gentil, Gabon for SBM Offshore, coordinating marine survey and technical lifting with no delays.