TechnipFMC, DOF Land Long-Term Vessel Charter With Petrobras

Brazilian state oil company will charter two pipelay support vessels for 3 years plus options.

Petrobras will use vessel Skandi Vitória in both shallow and deep water over the course of the charter.

TechnipFMC and its joint venture partner DOF Subsea were awarded long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação Ltda, a 50/50 joint venture between TechnipFMC and DOF Subsea. Each contract is for 3 years, with an option to extend.

Operations are expected to begin by February 2022. Skandi Niteroi will operate mostly in shallow water, while Skandi Vitória will work in shallow and deep water. Both vessels will perform decommissioning and subsea installation work.

“Our vessels serve as an important component of the strong flexible-pipe ecosystem we have in Brazil,” said Jonathan Landes, president, subsea, at TechnipFMC. “We are proud to extend our multidecade relationship with Petrobras through these long-term contracts, which are built on close collaboration and our client’s trust in our ability to safely and efficiently deliver quality.”

Financial terms of the charters were not disclosed, however TechnipFMC did term the deal as “significant,” which by their definition is a contract is between $75 million and $250 million.