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    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
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Petroleo Brasileiro S A : DOF Subsea announces the awarded of contracts for Skandi Vitoria and Skandi Niteroi with Petrobras

08/24/2021 | 02:01am EDT
DOF Subsea is pleased to inform that Petrobras has awarded the pipelay support
vessels (PLSVs) Skandi Vitória and Skandi Niteroi a 3 years firm plus option
contract for each vessel, via JV partner TechnipFMC and via Norskan Offshore
Ltda (a fully owned DOF ASA Company) respectively. 

Both vessels are Brazilian-built and flagged and owned by DOFCON Navegação
Ltda., a joint venture between DOF Subsea (50%) and TechnipFMC (50%).

Operations will start at latest in February 2022.


For further information, please contact:
Mons S. Aase, CEO, DOF Subsea. Tel: +47 91 66 10 12
Marianne Møgster, SVP Finance, DOF Subsea. Tel: +47 99 30 69 16

About DOF Subsea:
The DOF Subsea Group is a specialist subsea service business that provides
subsea construction, subsea engineering, inspection, repair and maintenance and
survey services, which involve complex and challenging engineering in an
international environment.
DOF Subsea owns a large fleet of modern subsea construction, intervention and
survey vessels that enable it to offer differentiated positions with its clients
and work in long term relationships, which enhance service delivery and reduce
the overall risk.
The company's core business is project management, engineering, vessel
operations, survey, remote intervention and diving operations, primarily for the
Oil and Gas, Marine Telecommunications and Renewables markets.
www.dofsubsea.com

About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy
industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are
transforming our clients' project economics, helping them unlock new
possibilities to develop energy resources while reducing carbon intensity and
supporting their energy transition ambitions.
Organized in two business segments - Subsea and Surface Technologies - we will
continue to advance the industry with our pioneering integrated ecosystems (such
as iEPCITM, iFEEDTM and iCompleteTM), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our
clients' success, and a culture of strong execution, purposeful innovation, and
challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company
information. To learn more about how we are driving change in the industry, go
to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
PETRÓLEO BRASILEIRO S.A. - PETROBRAS -3.38% 27.45 End-of-day quote.-3.14%
TECHNIPFMC PLC 0.27% 7.475 Delayed Quote.-20.96%
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Analyst Recommendations on PETRÓLEO BRASILEIRO S.A. - PETROBRAS
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Financials
Sales 2021 421 B 73 764 M 73 764 M
Net income 2021 72 541 M 12 711 M 12 711 M
Net Debt 2021 260 B 45 547 M 45 547 M
P/E ratio 2021 4,38x
Yield 2021 14,3%
Capitalization 366 B 64 632 M 64 058 M
EV / Sales 2021 1,49x
EV / Sales 2022 1,36x
Nbr of Employees 49 050
Free-Float 64,3%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 27,45 BRL
Average target price 35,95 BRL
Spread / Average Target 31,0%
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Managers and Directors
Joaquim Silva e Luna Chief Executive Officer & Director
Rodrigo Araujo Alves Chief Financial Officer
Eduardo Bacellar Leal Ferreira Chairman
Marcelo da Silva Carreras Head-IT & Telecommunications
Marcia Tosta Head-Cyber & Information Security
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