Floatel International accommodation vessel gets more time in Brazil

Oslo-based offshore accommodation vessel specialist Floatel International has won a contract extension for one of its units operating off Brazil.

Under the extension, the 2013-built Floatel Victory will provide maintenance and safety unit support alongside the Peregrino FPSO.

The flotel contract has been extended through the end of 2025. All remaining options under the contract remain in place.

Floatel International won the initial contract in January 2024. The 15-month contract started in the second quarter of 2024. 

Located in the Campos basin, the Peregrino field started production in 2011 and is operated by Norway’s Equinor. Peregrino Phase I consists of an FPSO unit supported by two wellhead platforms, while Peregrino II consists of a wellhead platform and related facilities.

Floatel International has been very active this month. It recently found a buyer for the accommodation semisub Floatel Reliance, which has been in lay-up in the Canary Islands since April 2016. The intention is to hand over the unit to the unnamed owner during the second quarter of 2025.

The company also secured work for the 2016-built Floatel Triumph with a client in Western Australia. The contract will start in the fourth quarter of this year.