Malaysia’s Sapura Energy has secured a contract extension worth approximately 580 million ringgit (US$130 million) with Petrobras offshore Brazil.

The two-year charter agreement for the Brazilian-flagged flexible pipelaying support vessel (PLSV) Sapura Esmeralda implies a dayrate of about $178,000 and is due to expire in August 2024.

The contract workscope includes the provision of services and the installation and recovery of flexible pipes offshore Brazil in water depths of up to 2500 metres.

Sapura Navegacao, a joint venture between Sapura Energy and Seadrill, last year submitted the Sapura Esmeralda as well as other vessels in a Petrobras PLSV tender.

Petrobras currently has a fleet of 17 PLSVs with contracts expiring between November 2022 and February 2027.

The fleet comprises six each from Sapura and a pairing between TechnipFMC and DOF, four with Subsea 7 and one with TechnipFMC.

The Brazilian oil giant is due to receive bids on 19 August in a fresh PLSV tender, with operations due to start in mid-2023.

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