AKOFS Offshore signs contract for Aker Wayfarer

Total contract value is about USD 282 million

AKOFS Offshore signs contract for Aker Wayfarer
Photo: AKOFS Offshore

Akastor ASA’s 50% owned affiliate AKOFS Offshore AS (AKOFS Offshore) has now signed a firm contract for its vessel “Aker Wayfarer” that will continue to perform services as a subsea equipment support vessel (SESV) for Petróleo Brasileiro S.A. (Petrobras) as client in Brazil. 

The duration of the contract is 1,415 days, or almost 4 years, and the services will commence in first half of 2023. AKOFS Offshore will be performing the “Aker Wayfarer” operations jointly with its partners Bravante for marine services and Oceaneering for ROV services.

Total contract value is about USD 282 million, of which about USD 198 million will be revenue allocated to AKOFS Offshore and included in the company’s backlog.

Aker Wayfarer is a multipurpose offshore construction vessel capable of undertaking subsea installation, floater installations, topside floatovers and removal operations. The vessel is on a "hell and high water" bareboat charter with Akastor until 2027

Delivered in October 2010, she is a sister ship of Skandi Aker, the largest monohull subsea well intervention vessel ever built. The Skandi Aker was the first intervention vessels to be classed with IMO MODU (mobile offshore drilling unit) code, allowing them to carry oil onboard. The Aker Wayfarer is also prepared for the IMO MODU notation.