Floatel International has converted a letter of intent into a firm three-month contract for Floatel Victory at Equinor’s Bacalhau field offshore Brazil.

The assignment is due to start in mid-2026 after the unit completes its current campaign with Karoon. The contract also includes extension options linked to the project schedule.

The new award adds to an already active program for the 2013-built semisubmersible accommodation unit, which is set to stay employed in Brazil through much of the year.

Earlier in 2026, Floatel also turned a previous letter of intent with Brava Energia into a firm six-month contract for Floatel Victory. That campaign is scheduled to begin in the fourth quarter of 2026 after a planned maintenance stop following the unit’s current work.

Together, these awards keep Floatel Victory working for multiple operators in Brazil. The contracts also reflect continued demand for flotel capacity tied to offshore installation, hook-up and maintenance activity.

The Bacalhau field, operated by Equinor, is one of the large offshore developments supporting vessel demand in Brazil.