#Bermuda #Hamilton #Paratus Energy #Petrobras #Seagems

Paratus Energy Update on the Petrobras Tender Process

Paratus Energy Services Ltd., a significant player in the energy sector, recently provided an update concerning its involvement in the Petrobras PLSV tender process. This update is crucial as it pertains to contracts that are set to commence in 2028. The company had previously communicated details about this tender in a prior announcement dated September 18, 2026.

The latest announcement confirms that Petrobras has published the final results for the tender, which have revealed the acceptance of the bid submitted by the Seagems joint venture specifically for the Jade PLSV. However, it is important to note that this acceptance is still pending the formal awarding of the contract by Petrobras and the subsequent execution of definitive agreements.

Seagems, the joint venture in which Paratus holds a 50% interest, stands out as a leading subsea service provider. The company operates a fleet of six versatile pipe-laying support vessels that cater to a range of services including support, installation, construction, and flexible pipe-laying. Currently, all six vessels are fully engaged under contracts throughout Brazil, showcasing Seagems' robust operational capabilities in the region.

In light of these developments, Paratus Energy plans to continue providing updates as additional information becomes available, ensuring that stakeholders remain informed about the progress of this important project. The company's engagement in the Petrobras tender process exemplifies its proactive approach in securing pivotal contracts within the energy sector, reflecting its commitment to growth and operational excellence.

For any specific inquiries regarding this update or further details on the tender process, parties can reach out to Baton Haxhimehmedi, who serves as both the CFO and Interim CEO of Paratus Energy. He is accessible via email or at the direct phone line provided in the announcement.

Overall, this recent update signifies a promising step for Paratus Energy and its business prospects moving forward, particularly within the competitive landscape of subsea services in Brazil. Investors and industry observers alike will be keenly monitoring the subsequent developments as the tender process moves towards formal contract awarding, which could have significant implications for the company's future endeavors and market positioning.

As Paratus Energy navigates these tender processes, the collaboration with Seagems will likely play a pivotal role, enhancing their service offerings and competitive edge in the energy sector. It remains to be seen how these developments will unfold, but Paratus Energy's strategic positioning and proactive measures could pave the way for further successes in this endeavor.