By Dominic Chopping

Norwegian offshore support vessel operator DOF said Monday that it has been awarded three new service contracts worth over $260 million from Brazil's Petrobras.

The contracts represent a continuation of services under contracts signed with Petrobras in 2020 and that have been in force since December of that year.

At least three vessels will be used to perform flexible pipeline, risers and subsea equipment inspection in the Campos Basin, Santos Basin, and Espirito Santos Basin offshore Brazil, with more than 3,200 inspections expected to be performed.

DOF said the contracts, which are planned to commence in the fourth quarter of the year and the first quarter of 2024, will be performed within two years.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

September 18, 2023 04:44 ET (08:44 GMT)

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