The firm contract duration is four years and includes options for another four years. The revenue of the firm contract is approximately USD 300 million including mobilization fees.

"We are very pleased to have reached an agreement with Petrobras for this specific task. It shows that Maersk Supply Service has the right vessels at a competitive rate for operations like this. Petrobras is one of the world’s largest oil and gas companies and they have been an important partner for Maersk Supply Service for more than 30 years," says Carsten Plougmann Andersen, CEO of Maersk Supply Service.

The contracts are expected to commence in July 2014 where the four T-types Maersk Trimmer, Maersk Traveller, Maersk Terrier and Maersk Handler will be joining the other 12 vessels that are presently employed with Petrobras offshore Brazil.