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23.03.2010
PETROBRAS TENDER
Petrobras (Brazil) has disclosed the list of qualified vessels in respect of the tender for AHTS 21000 BHP and 18000 BHP.
The tender refers to four technical specifications; ‘18000 A’, ‘18000 B’, ‘18000 C’ and ‘21000’, which is from lowest to highest technical specification.
The vessels are ranked by a virtual rate that reflects pricing for certain vessel specific characteristics, placing several of the Company’s vessels favourably.
Petrobras is yet to decide if any of the qualified vessels shall be chartered for the tendered 4 + 4 years contracts.
Petrobras has not disclosed the time schedule for its further decision process.
11.12.2009
ORDER FOR TWO LARGE-SIZE PSVS IN BRAZIL
Siem Offshore Inc has ordered two large-size PSVs at STX Europe Brazil through its Brazilian subsidiary Siem Consub SA. The design is PSV 09 CD STX Norway. Contractual deliveries are second quarter 2012 and second quarter 2013
The average vessel cost is approximately equivalent to USD 80 million, of which 20% is to be paid prior to delivery of the vessels.
The vessels will be debt-financed at a leverage of 90% under the Brazilian Marine Merchant Fund program with a term of 20 years at a competitive fixed interest rate.
Siem Consub has offices in Rio de Janeiro, Macae, Aracaju and Natal and has operated offshore support vessels for Petrobras in Brazil for more than 28 years. Siem Consub currently owns and operates a fleet of nine smaller crew and supply boats and has six vessels under construction in Brazil prior to the ordering of the two large-size PSVs. In addition to the owned fleet, Siem Consub has also operated PSVs, WSSVs, RSVs and AHTS vessels for third parties. Siem Consub has been acknowledged by Petrobras for its excellent vessel operation and, for several years, it has received Petrobras’ gold medal for outstanding performance. The ordering of the two large-size PSVs is made in order to capitalise on Siem Consub’s strong market position in Brazil which is a key strategic region and a growth platform for Siem Offshore.
This order gives preferential treatment for the employment of the Company’s non Brazilian-flag vessels in Brazil during the construction period and after delivery of the new large-size PSVs.
Celso Costa
CEO SIEM Consub
+55 21 3515-9700
30.11.2009
CONTRACT WITH PETROBRAS FOR LARGE-SIZE PSV
Siem Consub (Brazil) is awarded a time charter contract by Petrobras for one large-size PSV.
Siem Consub is wholly owned subsidiary of Siem Offshore. The term of the contract is three years, with 3 x 1 years options. The contract value for the firm period is approximately USD 32.8 million.