Brazilian firm Petrobras has awarded Norwegian offshore service company Solstad Offshore a one-year contract extension for the RSV Far Saga vessel.

The vessel has been operating in the Brazilian waters since 2014.

According to Solstad Offshore, the contract started on 30 October.

In a press statement, Solstad Offshore said: “In addition, Petrobras has confirmed the replacement of Far Saga by Normand Poseidon on a new RSV contract for a period of three years firm (ref announcement dated 11th May 2020).

“Commencement of the contract will take place during Q1 2021.”

Solstad noted that both the vessels will support exploration and production (E&P) activities in the Brazilian continental shelf.

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By GlobalData

The Norwegian offshore service company did not disclose the financial value of the contract.

In September, Solstad Offshore secured vessel charter extensions with Norwegian oil firms Equinor and Aker BP.

In August, Petrobras awarded three contracts to Solstad, Oceanpact and Fugro to provide remotely operated vehicle (ROV) services for subsea activities in the Brazilian waters.