Vessel owners informed WSB Advisors that Petrobras may be close to take a final decision to cancel the current PSV tender, which had already been reduced from 17 to 6 vessels after several reviews to the tender requirements throughout this year.
The move comes as Petrobras rethinks its offshore logistics model and financial strategy, seeking to realign the company’s budget amid rapidly escalating charter costs. As part of this process, Petrobras has already started formally approaching Offshore Vessel owners to discuss discounts on existing contracts, aiming to secure future extension periods and build a more predictable cost structure for its offshore support fleet.
The absence of pre-confirmed Petrobras representatives was noted at this week’s OSJ Conference in Rio de Janeiro, where market analysts and brokers emphasized a tightening supply, growing demand, and rising PSV dayrates — all in contrast with Petrobras’ current cautionary stance and WSB’s forecast.
How the company recalibrates its position in the months ahead will be different.
WSB Advisors continues to monitor Petrobras’ fleet strategy and its broader impact on Brazil’s offshore logistics landscape.
