Petrobras Tender

Petrobras (Brazil) has disclosed the list of
qualified vessels in respect of the tender for AHTS
21000 BHP and 18000 BHP. The tender refers to four
technical specifications; '18000 A', '18000
B', '18000 C' and '21000', which is from lowest to
highest technical specification. The attached lists
summarise the qualified vessels within each of the
technical specifications and the relevant offered USD
daily rates. The vessels are ranked by a virtual
rate that reflects pricing for certain vessel
specific characteristics, placing several of the
Company's vessels favourably.

Petrobras is yet to decide if any of the qualified
vessels shall be chartered for the tendered 4 + 4
years contracts. Petrobras has not disclosed the
time schedule for its further decision process.


For further information:
Terje Sorensen
Chief Executive Officer
Siem Offshore Inc.
Phone +47 91 31 61 64