Petrobras Charters PSV Siem Atlas

Siem Offshore and Petrobras have entered into a charter agreement for the Platform Supply Vessel (“PSV”) “Siem Atlas”.

The charter period has commenced and is for a firm period of two years. Petrobras has an option to extend the charter for two additional years, upon terms to be mutually agreed.

The gross contract value for the firm period is approximately USD 26 million.

Siem Offshore, January 2, 2014

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