Paratus Secures Partial Win in Petrobras 2028 PLSV Tender
Event summary
- Petrobras accepted Paratus's bid for a third-party vessel in its 2028 PLSV tender, subject to final contract execution.
- Seagems, Paratus's 50% JV, secured exclusive access to the vessel via MOU with purchase option.
- Bid for Jade vessel remains pending; no update provided.
- All six Seagems vessels currently operating under contracts in Brazil.
The big picture
This partial tender win reinforces Petrobras's preference for specialized PLSV capacity ahead of its 2028 project pipeline. The outcome highlights the competitive advantage of Seagems's fleet positioning in Brazil's subsea services market. The deal size and vessel specifications remain undisclosed, but the MOU structure suggests strategic flexibility for Paratus in fleet expansion.
What we're watching
- Contract Finalization
- Whether Petrobras will finalize the third-party vessel contract on the current terms and timeline.
- Jade Vessel Status
- The likelihood of Seagems securing the Jade vessel contract, given partial success in this tender round.
- Fleet Deployment
- How Paratus will integrate this potential new vessel into its existing Brazilian operations.