The contract will last for at least four years, with options to extend the period for at least four more.

Under its terms, OOG will be asked to operate a floatel-style unit, known in Brazil as maintenance and safety (USM) units.

Petrobras has several floatels under charter, and can use different units under the same contract. Upstream understands that the USM Arraial do Cabo (formerly the Floatel Reliance) is a leading candidate to start work for OOG.

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