Prosafe has been awarded a Letter of Intent (LoI) by Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Concordia semi-submersible rig for safety and maintenance support offshore Brazil.
The firm period of the contract linked to the LoI is three years and the total contract value is about USD 157 million. Operations are planned to commence early in the second quarter of 2011.
The award of this LoI confirms that Brazil is a growing market for safety and maintenance support services.
Source: Total, October 20, 2010;