Sea1 Offshore secures three-year PSV contract in Brazil

Sea1 Offshore has been awarded a new contract for its Platform Supply Vessel (PSV) Sea1 Atlas. The contract is for operations in Brazil and has a firm duration of three years, with additional options for six months at market terms. The new contract is scheduled to start in the first quarter of 2026.

This award significantly boosts the company's financial outlook. Sea1 Offshore's total firm contract backlog now stands at $743m. The company also holds $599m in options, indicating substantial potential future revenue.