Four hybrid-powered DP2 ROV vessels will support Petrobras deepwater inspection, maintenance and repair operations under 12-year contracts beginning in 2030
DOF Group has secured 12-year charter and service contracts in Brazil that will lead to the construction of four newbuild ROV support vessels following a competitive tender process. The vessels will support subsea inspection, maintenance and repair activities for Petrobras’ deepwater operations, with contract commencements expected from 2030.
Construction is expected to take place at the Navship shipyard in Brazil. Delivery of the first two ROV support vessels is planned within four years of contract signing, in line with the operational start schedule.
The vessels will be DP2, with approximate dimensions of 98m length x 20m beam x 6.3m draft, equipped with an offshore subsea crane and designed for deepwater operations, accommodation for up to 58 people, two Work Class Remotely Operated Vehicles, ABS class and considered “green vessels” designed for hybrid fuel propulsion, ethanol and diesel, and batteries pack.
Financing for the vessels is expected to consist of a large portion of local development debt funding at attractive terms.
While the contracts, the operation of the vessels and the full scope of services shall be entirely performed by and remain the sole responsibility of DOF Subsea Brasil, DOF is considering alternative ownership structures for the vessels as part of its financial strategy. Any such arrangements will not affect DOF Subsea Brasil’s contractual obligations under the charter/services agreements.
Mons S. Aase, CEO DOF Group ASA, commented: “We are very proud to be awarded these contracts by Petrobras. Winning contracts for newbuilds backed by 12-year contracts enables low risk growth and environmentally friendly fleet renewal while manifesting DOF’s position as a leading player for subsea inspection, maintenance and repair services in the Brazilian market. The contracts also speak to the longevity of the offshore oil and gas market in Brazil, showing that our services will be in demand also for the next decades. The four newbuilds will add valuable import tonnage capacity for our international vessels into one of the most attractive subsea markets globally.”
The total value of the contracts is close to USD 2.0 billion.
