Petrobras has extended its charter of PACC Offshore Services Holdings’ (POSH) floatel Posh Xanadu (built 2014) for another twelve months.

Under the terms of the contract, the semi-submersible accommodation vessel will continue to work for the Brazilian oil major in the Campos Basin.

The Posh Xanadu has been on charter to Petrobras for the past year under a contract initially worth $80.5m