The contracts will be performed in direct continuation of each other and have a combined firm duration of 250 days. Work is expected to commence in December 2026, and the contracts include a combined 75 days of options beyond the firm periods.

The combined value of the firm contracts is Substantial, which SOMA defines as contracts with value between $10 and $30 million. The firm contract value is estimated at the lower end of this interval.

Under the contracts, the vessel will perform ROV and subsea support activities.