Aker Solutions’ subsidiary Aker Oilfield Services has won a contract worth $465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel, according to a press release.

The contract will start within the fourth quarter of 2016 and has a five-year option extension. At the end of September, Aker Oilfield Services will become part of Akastor, an oilfield services investment company that will be one of two companies formed as part of the announced separation of Aker Solutions.

The Aker Wayfarer vessel will be outfitted at a yard in Norway to become a deepwater subsea equipment support vessel. It will have a fiber-rope deployment system, deck skidding systems and a subsea orientation equipment system, allowing it to install and retrieve subsea trees and modules, including subsea structures and manifolds.

The Aker Wayfarer will be the second vessel of this type operated by Aker Oilfield Services in Brazil.