DOF Subsea nabs multiple contracts worth $135M
- Business & Finance
DOF Subsea has been awarded multiple contracts, with a total value of approximately NOK 830 million ($135.1 million).
In the Asia Pacific region, DOF Subsea has been awarded several contracts including project management and engineering, IMR services and subsea installation work. The contract awards will secure utilization of the vessels Skandi Singapore, Skandi Hercules and Skandi Hawk.
In the Atlantic region, DOF Subsea has been awarded several contracts, including a contract for completing two construction projects offshore West Africa, utilizing the Skandi Singapore.
The contract awards will improve utilization of the regional vessels. In the North America region, DOF Subsea has been awarded several contracts including IMR services and subsea installation work, increasing the utilization of the regional vessels.
DOF Subsea CEO, Mons S. Aase stated: “I am very pleased with the contract awards, improving utilization of our onshore engineering and project management teams as well our vessels for second half 2014 and Q1 2015.”