DOF Subsea Announces Several Contracts

Bergen, Norway – May 21 – DOF Subsea has been awarded several contracts totaling approximately NOK 475 million, including orders for work in Asia Pacific, North Sea and North America.

DOF Subsea reported a range of contracts in what it calls the Atlantic region. Maersk Oil UK contracted DOF Subsea to perform removal and replacement with related survey work for the Dumbarton Drill Cluster Centre (DCC) flexible production riser at the Global Producer 3 FPSO located in the U.K. sector North Sea. The work, secures utilization for chartered-in vessel Normand Reach. Additionally, Statoil awarded DOF subsea a call-off under an existing survey frame agreement for MBE and AUV survey services in the North Sea. Teekay awarded DOF Subsea a contract for turret mooring and riser installation on the Gina Krogh FSO in. Onshore engineering will commence in the second half of 2014, with offshore marine operations likely to be executed in May-June 2016 using two construction/anchor handler vessels.

“In the Atlantic region we have achieved repeat business with important clients and have established new client relationships,” said DOF Subsea CEO, Mons S. Aase.

DOF Subsea’s Asia Pacific contracts include IMR services and subsea installation work, commissioning the vessels Skandi Singapore, Skandi Hercules and Skandi Hawk.

As for the North America region, DOF Subsea said it has completed a long-term pipeline survey project support with the Skandi Inspector, and the vessel will now mobilize for another client for a 30-day commitment prior transiting to Canada for an approximate 80 days commitment. Aase said he sees growing potential for DOF Subsea in the North America, particularly in the U.S. market.

In addition to the use DOF Subsea vessels, the contracts will give work to the company’s onshore engineering and project management.