Solstad Offshore ASA announced on Friday that the current contract of RSV Far Saga with PETROBRAS has been extended for a period of one year starting on Oct 30th, 2020. 

Solstad Offshore announces contract award for subsea vessels in Brazil
Caption: Offshore Support Vessel Far Saga - Image courtesy of Barlovento

Far Saga has been operating in Brazilian water since 2014.

In addition, PETROBRAS has confirmed the replacement of Far Saga by Normand Poseidon on a new RSV contract for a period of 3 years firm (ref announcement dated 11th May 2020). Commencement of the Contract will take place during 1Q 2021.

Both vessels will sail under Brazilian flag and will support exploration and production activities in Brazilian continental shelf.

Source: Solstad Offshore