Norway: Farstad Shipping Announces Charter Contract for AHTS Far Scout

Farstad Shipping announces that its AHTS Far Scout has been contracted by Petrobras in Brazil for a 4 year period.

Petrobras has the option to extend the contract with another 4 years. The contract includes both anchor handling- and ROV services. A third party has been contracted for delivery of the ROV services.

The vessel will be technically upgraded before start-up of the contract, which is expected to take place during the first quarter of 2012.

The contract, excluding options, represents a gross revenue of approximately NOK 550 million.

AHTS Far Sailor, contracted by Petrobras until end February 2012, will replace Far Scout’s two-year contract awarded by Petrobras in November 2011. Far Sailor will therefore be in service for Petrobras in Brazil for an additional 2 year period.