Prosafe has been awarded a contract by MODEC Serviços de Petróleo do Brasil Ltd. for the provision of the Safe Concordia semisubmersible accommodation vessel to support specific MODEC FPSO operations in Brazil.
The firm duration of the contract commencing September 2018 is 200 days with a 15 day option.
The contract value—which is not revealed—includes mobilization and demobilization.
“Prosafe is very pleased with this contract, as it marks the re-entrance of Safe Concordia in Brazilian waters,” Jesper Kragh Andresen, Prosafe’s CEO, said.
“We have a good track-record of providing gangway connected accommodation services to both spread and turret moored FPSOs, and we will endeavor to offer the best possible services to MODEC, which we consider to be an important customer with significant potential future demand going forward.”
An increase in field development sanctions and subsea tiebacks as well as better project economics are helping bring the subsea sector back to life.
Based on current and expected future activity, including additional services through our engineering, rentals and oiltools divisions, the extension has an estimated value of up to $100 million.
The plan, which was submitted to the Norwegian Petroleum Directorate (NPD), involves using water injection for pressure support and drilling seven new wells targeting the Shetland Group reservoir, which lies above the field’s main reservoir.