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
184 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.

25, Jul
|

Offshore - Oil & Gas

Huarun Dadong Secures Sparta Semisub Accommodation Retrofit

Huarun Dadong Dockyard will convert a sixth-generation semisubmersible rig into a 600-person accommodation unit under the Sparta retrofit project for deployment in Brazilian waters.

25, Jul
|

Offshore - Oil & Gas, Uncategorized

Karoon’s FPSO Cidade de Itajaí Achieves 97.2% Efficiency at Brazil’s Baúna Field

Karoon Energy reported 97.2% operating efficiency for the FPSO Cidade de Itajaí after maintenance and well restoration at the Baúna field. The company also completed the FPSO operatorship transfer during the quarter.

16, Jul
|

Heavy Transport

Perdaman Campaign Completes 100th Module Loadout at Kattupalli

The Perdaman logistics campaign has completed its 100th module loadout at Kattupalli, with 20 voyages finished and the 21st now in progress to Karratha.