The vessel will continue to perform services as a Multi-Purpose Supply Vessel (MPSV) for Petróleo Brasileiro S.A. (Petrobras) in Brazil. The contract has a duration of four years, with operations expected to commence in January 2027, following the expiry of the current contract and necessary preparations for the new engagement. AKOFS Offshore will conduct the "AKOFS Santos" operations in collaboration with its partners Bravante for marine services and IKM Subsea for ROV services.
The total contract value is USD 246 million, of which about USD 140 million will be revenue allocated to AKOFS Offshore and included in the company's backlog. Adjusted for this new award, AKOFS Offshore's total contract backlog amounts to approximately USD 612 million per end of Q2 2025.
