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Home›Fossil Energy›Prosafe lands another four-year deal in Brazil
Fossil Energy

May 25, 2022 · about 4 years ago

Prosafe lands another four-year deal in Brazil

Prosafe has been awarded a contract by Petrobras for the provision of the Safe Eurus semi-submersible vessel for support offshore Brazil.

2 minutes read
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Safe Eurus - Prosafe
Safe Eurus; Source: Prosafe

Offshore accommodation provider Prosafe has been awarded a contract by Petrobras for the provision of the Safe Eurus semi-submersible vessel for safety and maintenance support offshore Brazil.

Prosafe was declared the winner of a bidding process launched by Petrobras for the provision of the Safe Eurus semi-submersible unit earlier in May. A potential contract award and the timing of the contract award were subject to a formal process during which other bidders had an opportunity to appeal. Now, following the expiration of this period, the contract has been awarded.

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Prosafe confirmed on Wednesday that the award has a firm period commitment of four years and the beginning is end-March 2023 following on from the expiry of the current contract that started in October 2019. The total value of the contract is approximately $126 million.

Built by China’s COSCO, the Safe Eurus is a Dynamically Positioned (DP3) semi-submersible safety and maintenance support vessel, capable of operating in harsh environments. It can accommodate up to 500 persons, has extensive recreation facilities, and a large capacity open deck area and telescopic gangway.

This latest contract award is similar to a contract for the Safe Notos firmed up in early May .

Also this month, Prosafe agreed with China’s COSCO Shipping on another extension of the delivery of two of its newbuild units – Safe Nova and Safe Vega – with plans to take the delivery once contract opportunities materialise with expectations for Brazil to be the most likely location for these opportunities.

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