Subsea 7 Extends Vessel Agreements with DOF Subsea

Subsea 7 Extends Vessel Agreements with DOF Subsea

DOF Subsea, a subsidiary of DOF ASA, has reached an agreement with Subsea 7 for the chartering of the vessels Skandi Acergy, Skandi Seven and Skandi Skansen.

Subsea 7 has committed to a 3-year firm period for the vessel Skandi Acergy, starting in direct continuation of the current firm period. The vessel is then firmly contracted until August 2019.

For the vessel Skandi Skansen, the parties have agreed on a new contract for 2016 ensuring utilization for most of the summer season.

Skandi Seven will be redelivered to DOF Subsea on 1st January 2016. DOF Subsea has several chartered in vessels that can be redelivered to owners during the next three to twelve months compensating the redelivery of Skandi Seven.

In total, the agreed contracts will increase the firm backlog for 2016 and through to 2019, DOF Subsea wrote.