Petrobras Awards 4-Year Contract for AHTS Far Sea

Farstad Shipping has announced that Petrobras has awarded a 4 year contract to AHTS Far Sea in Brazil. Start-up of the contract will be at the end of January in direct continuation of existing contract. Petrobras has annually subject to certain conditions the right to cancel the contract.

The contract has been entered into at strengthening charter rate level and the total value of the contract is approximately NOK 375 million (or around US $53.3 million).