DOF Subsea Secures Multiple New Contracts

DOF Subsea Group has secured multiple contract awards in Asia Pacific, the Mediterranean and in the Gulf of Mexico over the last couple of weeks, with a total contract value of about USD 50 million.

In the Asia Pacific region DOF Subsea has secured several contracts for a four month campaign offshore New Zealand, utilizing the vessel Skandi Singapore with start-up late December 2012.

In the Mediterrainian DOF Subsea has secured a contract with Noble, utilizing the vessel Geobay for about 4 months with start-up early January 2013.

The two vessels Skandi Constructor and Geoholm will transit to the Gulf of Mexico during the Norwegian winter season. DOF Subsea has been awarded the first contract on Skandi Constructor, in a three month campaign.

DOF Subsea has also secured a contract with Hess on the vessel Geoholm, and together with the recent Saipem award the vessel will be fully utilized during the Gulf of Mexico campaign.

Mons S. Aase is pleased with the new contract awards, further improving the contract coverage for the 4th quarter 2012 and 1st quarter 2013.

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Press Release, November 19, 2012