Deep Sea Supply Secures Four Long Term Contracts in Brazil

Deep Sea Supply announces that the company has been awarded long term contracts with Petrobras for the four vessels Sea Fox, Sea Jackal, Sea Vixen and Sea Stoat.

The vessels will perform PSV duties for Petrobras in Brazil.

The contract periods are 4 year firm plus 4 year option for all the vessels.

Total net value of the firm period is approx USD 123 mill.

Expected commencement is June 2012.