TechnipFMC (NYSE: FTI) (PARIS: FTI) and its joint venture (JV) partner DOF Subsea (OSE: DOF) have been awarded significant(1) long-term charter and services contracts by Petrobras (NYSE: PBR) for the pipelay support vessels Skandi Vitória and Skandi Niteroi.
The Brazilian-built and flagged vessels are owned by DOFCON Navegação Ltda, a 50/50 JV between TechnipFMC and DOF Subsea. Each contract is for three years, with an option to extend.