DOF Group Locks Down $480 Million Petrobras Deal With Four AHTS Vessels

Brazil’s Offshore Market Heats Up With Long-Term Contracts

DOF Group just scored a major win in Brazil’s competitive offshore sector, securing four long-term contracts with Petrobras for its anchor handling tug supply (AHTS) vessels. The deals, worth approximately $480 million combined, solidify the company’s foothold in the region’s high-end maritime support market. With these agreements, DOF Group extends its backlog well into 2030, a strategic move that underscores its confidence in Brazil’s growing offshore oil and gas demands.

“These contracts reinforce our strong position in Brazil’s AHTS market and demonstrate Petrobras’ trust in our capabilities,” said DOF Group’s CEO in a statement.

Vessel Details and Contract Timelines

The flagship of the deal, Skandi Iguaçu, boasts over 350 metric tons of bollard pull (BP) and is slated for a four-year contract starting February 2026, following the completion of its current engagement. Meanwhile, three sister vessels—Skandi Angra (280 mt BP), Skandi Paraty (288 mt BP), and Skandi Urca (260 mt BP)—will each begin four-year terms in January 2026. Notably, the latter three come equipped with work-class remotely operated vehicles (ROVs) capable of diving to depths of 3,000 meters, a critical feature for deepwater operations in Brazil’s pre-salt basins.

Strategic Implications for DOF Group

This Petrobras deal isn’t just a revenue booster—it’s a statement. By locking in contracts for nearly half a billion dollars, DOF Group mitigates market volatility and ensures steady cash flow for years. The inclusion of ROVs also highlights the company’s investment in advanced subsea technology, a differentiator in an industry increasingly reliant on automation and deepwater expertise. For Petrobras, the move signals a continued commitment to offshore development, despite global shifts toward renewable energy.

As the offshore sector evolves, DOF Group’s latest contracts position it as a key player in Brazil’s energy future. With vessels secured through 2030, the company is betting big on the enduring demand for high-spec AHTS support—and Petrobras is clearly along for the ride.