Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.

The original 650-day firm period was due to complete in February 2025, but has been extended by 954 days resulting in operations into September 2027 with an increase in the fuel allowance from 20m3 to 25m3 per day through the extension.

Total value of the contract extension is approximately USD 109.7 million.

Terje Askvig, CEO of Prosafe says: “The Safe Zephyrus has been performing extremely well for Petrobras, serving its role supporting safety and maintenance within the important Buzios business unit offshore Brazil. This significant extension emphasises the continued and increasing demand for high specification units in the region where Prosafe is well placed to increase its market share.”

About Prosafe

Prosafe owns and operates six semi-submersible Accommodation, Safety and Support Vessels (ASVs) and one Tender Support Vessel (TSV) that can also operate as an accommodation vessel.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.

Based on this discovery, with a substantial volumetric potential for natural gas, the social/environmental and licensing procedures required to carry the gas to consumer centers will begin.

Petrobras reaffirms its commitment to conducting operations in Colombia, working safely, respecting life, people, and the environment, and acknowledging the importance of talks with the local communities and compliance with the country's legal requirements.