Foresea is pleased to conclude 1H26 with its operations firmly back on track. Recent commercial achievements have strengthened the Company's backlog, enhancing revenue visibility and business predictability. The temporary operational disruption experienced in 1Q26 was successfully resolved, and the completion of Norbe IX's scheduled SPS, one of the Company's key operational priorities for the year, reinforces the fleet's readiness and underscores Foresea’s commitment to reinvest in asset integrity to consistently deliver high operational performance.
Foresea Holding S.A. informs its investors and the market in general that the Board of Directors approved an interim distribution of $1.67 per share issued by the Company, on its Class A, B and C shares, equivalent to $50,268,902.13 as of today.
During the quarter, the Company strengthened its long‑term cash flow visibility with approximately $615 million of backlog additions, bringing total backlog to nearly $1.9 billion and fully contracting its owned fleet through the fourth quarter of 2027. Foresea also successfully completed the Norbe IX SPS – one of the key operational priorities for the year – after which the rig commenced its new three‑year contract.
Amendments of Contract with Petrobras add $150 million to backlog
Foresea announces that it has amended some of existing contracts with Petrobras covering part of its owned fleet operating in Brazil. These amendments add approximately US$150 million to the Company’s backlog, primarily driven by contract extension and commercial negotiations
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