DOF sells ‘Skandi Protector’

  • Business & Finance

DOF Subsea has entered into agreement for the sale of one of its subsea vessels to the Commonwealth of Australia.

DOF says that delivery of the Skandi Protector vessel to new owners is expected in 1Q 2016. The sale will release approx. NOK 300 million ($34.5 million) in liquidity after repayment of debt.

Skandi Protector, of Aker ROV 06 design, was built in 2007 and served under contract with the Australian authorities from 2010 to end of 2014. In 2015, the vessel has been operated as a subsea project vessel for the Asia Pacific region.

Mons S. Aase, CEO, stated: “DOF has for many years appreciated its very good working relationship with the Australian authorities, and this is the second vessel which has been sold to the Commonwealth of Australia.

“After delivery of Skandi Protector to the new owners, DOF Subsea will allocate another subsea project vessel to the Asia Pacific region in order to operate under existing and new contracts.”

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