The Seagems joint venture, in which Paratus Energy Services holds a 50% interest, secured this position by leveraging exclusive access to the vessel. According to company disclosures, the arrangement is governed by a memorandum of understanding that includes a prospective purchase option for the unit. While the bid for the third-party vessel has been accepted, the company noted that the process remains subject to the finalization of definitive contracts with the Brazilian state-controlled oil giant.

Seagems currently operates a fleet of six multi-purpose pipe-laying support vessels, all of which are active under existing contracts within Brazil. The company previously disclosed its participation in the tender during its Q2 2026 interim results, where it confirmed bids for both the Jade vessel and the third-party unit now acknowledged by Petrobras. Baton Haxhimehmedi, CFO and Interim CEO of Paratus, serves as the primary contact for further developments regarding the firm's subsea operations.