DOF Subsea Wins Survey and Charter Contracts

DOF Subsea AS, a subsidiary of DOF ASA, has been awarded several contracts, with a total value of approx. NOK 150 million (USD 24.3 million).

In the Atlantic region, DOF Subsea has been awarded a call-off contract for 2014 by Statoil Petroleum AS under an existing Survey Frame Agreement. The call-off covers a minimum 4 months’ work including seabed mapping, pipeline inspection, lay support and assorted light construction services. The work will be carried out on various fields primarily in the Norwegian part of the North Sea using the specialized RSV Geosund. The Geosund has performed similar work under the same Frame Agreement in 2012 and 2013.

The charter agreement for the vessel Ocean Protector has been extended by 6 months by the charterer Australian Customs and Border control and the vessel will be on firm charter until year-end 2014.

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Press Release, January 13, 2014