The Brazilian oil company declared a four-year option for the 4,680-dwt platform supply vessel (PSV) Havila Favour.
In a brief statement to the Oslo stock exchange, Havila said the 1999-built vessel’s new contract is priced at NOK 280m ($42.3m).
The first contract between the two parties was signed back in 2010 under the same terms.
With the extension, Havila Favour will work on Petrobras’ projects until December 2018.