Oceaneering Wins Four-Year Petrobras ROV Services Contract Offshore Brazil

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Summary · why it matters

Oceaneering International has been awarded a four-year contract by Petrobras to provide remotely operated vehicle services offshore Brazil. The company will supply two work-class ROVs and specialized tooling packages, along with monitoring and positioning support services, with operations expected to begin in 2027. The ROV systems will be deployed from the AKOFS Offshore vessel Aker Wayfarer, which Petrobras has contracted for intervention, installation and abandonment activities. Financial terms were not disclosed. Oceaneering noted it has supported Petrobras' subsea engineering campaigns for more than a decade and has operated in Brazil for nearly 30 years through its subsidiary Marine Production Systems do Brasil.

Oceaneering International Inc ▲

Petroleo Brasileiro Petrobras SA ADR ▲

Impact on stocks 2

Energy Transition & Power Demand▲ · 1 stocks

Oceaneering International Inc

▲ PositiveDemandrelevance

Wins four-year ROV services contract from Petrobras, securing revenue and operational work.

Energy▲ · 1 stocks

Petroleo Brasileiro Petrobras SA ADR

▲ PositiveSupplyrelevance

Petrobras contracts ROV services for subsea operations, supporting its offshore activities.

Off-coverage companies 2

AKOFS OffshorePrivate▲ Positive

Demandrelevance

AKOFS Offshore's vessel Aker Wayfarer will be used for the contract, generating revenue.

Marine Production Systems do BrasilPrivate± Mixed

relevance