Brazilian engineering firm Oceanica Engenharia has entered into new long-term contracts with state-owned oil and gas giant Petrobras, valued at approximately 4.2bn reais ($736m). The shallow-diving support vessels (SDSV) Oceanicasub IV, V, VII, and IX had their contracts renewed for the provision of subsea services, including workclass ROVs, electric ROVs, and diving operations, for inspection, maintenance, and subsea intervention activities. Petrobras also contracted the Oceanicasub VI vessel, which will expand the company’s operational capacity for subsea services. In the remotely operated vehicle support vessel (RSV), the Oceanicasub VIII vessel also had its contract renewed. All contracts have a four-year term, with operations expected to commence in the first half of 2027 and continue through 2031. With these new contracts, the company’s backlog increases to approximately 12bn reais (2.3bn), strengthening Oceanica’s position in the Brazilian offshore services market. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsBrazil