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AKOFS Offshore Secures $246 Million Contract with Petrobras

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AKOFS Offshore Secures $246 Million Contract with Petrobras

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Akastor ASA ( (AKKVF) ) has shared an announcement.

AKOFS Offshore, a subsidiary of Akastor ASA, has secured a four-year contract for its vessel ‘AKOFS Santos’ to continue providing services to Petrobras in Brazil, starting January 2027. This contract, valued at USD 246 million, will significantly boost AKOFS Offshore’s backlog to approximately USD 612 million by the end of Q2 2025, enhancing its market position and financial outlook.

More about Akastor ASA

AKOFS Offshore is a provider of vessel-based subsea well construction and intervention services to the oil and gas industry. The company operates three specialized offshore vessels, AKOFS Santos, Aker Wayfarer, and AKOFS Seafarer, with contracts in Brazil and the Norwegian Continental Shelf. AKOFS Offshore is owned by Akastor AS and Mitsui O.S.K. Lines, Ltd.

Average Trading Volume: 142,888

Current Market Cap: NOK3.09B

See more data about AKKVF stock on TipRanks’ Stock Analysis page.

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