Wilson Sons Ultratug Offshore awarded contracts for three PSVs

By Curious

Wilson Sons Limited (B3: WSON33) (Wilson Sons ) announced yesterday that its 50% joint venture Wilson Sons Ultratug Offshore (WSUT) received a notification through Petronect, Petrobras' procurement and contract management electronic system, informing that it has been awarded a two-year firm contract for the PSV Gaivota, with client option to extend the contract for an equal period.

Wilson Sons Ultratug Offshore awarded contracts for three PSVs
Caption: PSV Mandrião - Image courtesy of Wilson Sons

The contract is a result of a tender conducted in May 2017, in which WSUT ranked as first place for Brazilian-flagged vessels. The commercial terms are confidential between the parties. The vessel will provide platform support and oil spill recovery services commencing in May 2018.

WSUT has also been awarded through Petronect new three-year firm contracts for the PSVs Mandrião and Pardela, with client option to extend the contracts for a further two years.

These contracts are a result of a Petrobras tender conducted in January 2017, in which WSUT ranked as first and second place for Brazilian-flagged vessels. The commercial terms are confidential between the parties. The vessels will provide shallow-water diving support services commencing in April 2018.

Source: Wilson Sons