Norway's DOF Gets Contracts Worth More Than $260 Million From Petrobras
By Dominic Chopping
Norwegian offshore support vessel operator DOF said Monday that it has been awarded three new service contracts worth over $260 million from Brazil's Petrobras.
The contracts represent a continuation of services under contracts signed with Petrobras in 2020 and that have been in force since December of that year.
At least three vessels will be used to perform flexible pipeline, risers and subsea equipment inspection in the Campos Basin, Santos Basin, and Espirito Santos Basin offshore Brazil, with more than 3,200 inspections expected to be performed.
DOF said the contracts, which are planned to commence in the fourth quarter of the year and the first quarter of 2024, will be performed within two years.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
September 18, 2023 04:44 ET (08:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing