Brazilian giant hires AKOFS Offshore MPSV

AKOFS Offshore, a leading provider of subsea well construction and intervention services, has clinched a significant contract with Brazilian state-owned energy giant Petrobras. The deal involves the use of the AKOFS Santos, a multipurpose service vessel (MPSV), and is set to commence in the third quarter of 2026, pending final agreement. The contract has a total gross value of $246 million, with an estimated $141 million expected to contribute to AKOFS Offshore’s revenue.

Contract Details and Future Operations

The contract awarded to AKOFS Offshore will extend the operational period of the AKOFS Santos, previously known as the Skandi Santos, until the third quarter of 2030. This extension builds on the vessel’s current engagement with Petrobras, ensuring continued collaboration between the two companies. The MPSV is designed for various operational tasks, including well construction and intervention, which are critical for maintaining and enhancing offshore oil production.

Petrobras to Triple LPG Fleet Capacity and Support Brazilian Shipbuilding

In its recent financial report, Akastor, the parent company of AKOFS Offshore, highlighted the positive impact of this contract on its backlog. The expected revenue of $141 million from this agreement will bolster the company’s financial standing and support its ongoing operations in Brazil. Additionally, AKOFS Offshore’s other vessel, the Aker Wayfarer, is also contracted with Petrobras, with its current agreement set to conclude in the third quarter of 2027. This robust partnership with Petrobras underscores AKOFS Offshore’s strategic presence in the Brazilian market, positioning the company for continued growth and success in the subsea services sector.