The value for the conversion project of the 10,900-dwt Aker Wayfarer (built 2010) will be NOK 600m ($74.5m) and it will be fully financed by Ocean Yield.

The decision is the result of a new five-year contract signed between operator AKOFS and Brazil’s Petrobras.

AKOFS has another vessel, the 5,109-dwt Skandi Santos (built 2009), on charter from Dof Subsea and hired by Petrobras for another five years.

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