Aquatic Nets DOF Subsea Frame Deal
- Business & Finance
Aquatic has signed two regional frame agreements with DOF Subsea.
The frame agreement with DOF Subsea Asia Pacific covers the hire of Aquatic Flex-lay equipment and Fisher winches across the Asia Pacific region and is valid from May 2017 for a period of three years with the option of 2 x 1yr extensions. Over the last three years, Aquatic Asia have completed five projects with DOF Subsea in the region.
Aquatic Americas signed a one-year frame agreement with DOF Subsea North America. The agreement covers hiring of equipment in the USA, Guyana, Mexico and Trinidad and Tobago. Aquatic Americas has just recently completed an offshore installation campaign with DOF Subsea in June and said it anticipates more offshore work later in the year.
Martin Charles said: “The award of these two new frame agreements reinforces our solid relationship with DOF Subsea across two significant regions. We are proud to be part of the DOF Subsea supply chain.”