Paratus Energy Services Ltd. Announces Contract Extension for Sapura Esmeralda
Hamilton, Bermuda, August 1, 2022 - Paratus Energy Services Ltd. (“Paratus”) today announced that the Seabras JV, an associated company in which Paratus indirectly holds a 50% equity interest, has been awarded a two-year contract extension by the Brazilian oil and gas company Petróleo Brasileiro S.A. (“PETROBRAS”) for Sapura Esmeralda from August 2[nd] 2022 to August 1[st] 2024. The award continues to strengthen Seabras JV’s long-term relationship with PETROBRAS, and furthers its position in the robust JV market for Pipe Lay Support Vessels (“PLSVs”) in Brazil. With all 6 PLSVs in the