(OET) Total E&P do Brazil, a subsidiary of France’s energy giant TotalEnergies, has exercised a contract extension with Norway’s shipping company Siem Offshore for two platform supply vessels (PSVs) carrying out operations off Brazil.
According to Siem Offshore, a 12-month option has been exercised for PSVs Siem Atlas and Siem Giant for continued operations offshore Brazil. This enables both vessels to stay with TotalEnergies until June 2024.
The original two-year contract for these two vessels was secured in September 2020. As explained at the time, the deal also entailed two yearly options. The previous one-year option was exercised in July 2022.
Over the past few months, Siem Offshore has been winning new deals for its vessels and extending existing ones. The most recent medium-term deal in the North Sea was secured in early June 2023.