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Paratus Energy Services Ltd. Announces Contract Extension for Sapura Esmeralda

Paratus Energy Services Ltd. (“Paratus”) today reported that the Seabras JV, an associated company in which Paratus indirectly holds a 50% equity interest, has been awarded a two-year contract extension by the Brazilian oil and gas company Petróleo Brasileiro S.A. (“PETROBRAS”) for Sapura Esmeralda from August 2nd 2022 to August 1st 2024.

The award continues to strengthen Seabras JV’s long-term relationship with PETROBRAS, and furthers its position in the robust JV market for Pipe Lay Support Vessels (“PLSVs”) in Brazil.

With all 6 PLSVs in the fleet fully contracted for under long term contracts, Seabras JV’s contract backlog at the end of July 2022 is $940 million.

 

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