$50 Million Worth of Contracts for DOF Subsea

$50 Million Worth of Contracts for DOF Subsea

DOF Subsea AS has secured multiple contracts awards in Asia, in Atlantic and in the Gulf of Mexico over the last couple of weeks with a total contract value of approximately USD 50 million.

In the Asia Pacific Region DOF Subsea have secured several new contracts and extension of existing contracts with a total contract value of about USD 20 million. The contract award will increase the utilisation of the region’s vessels Geobay, Skandi Singapore and Skandi Hercules.

In the Atlantic region DOF Subsea have been awarded several new contracts and extension of existing contracts with a total contract value of USD 24 millions. The contract award will increase the utilisation of the region’s vessels Geosund, Skandi Skolten and Geoholm.

In the Gulf of Mexico DOF Subsea have been awarded a new Survey contract with Saipem America for the pre-lay survey support of Saipem’s CastorOne 2013 installation campaign. The contract has duration of about 2 months with start-up early January 2013. The contract value is about USD 6 million and the vessel Geoholm will be utilised.

Press Release, October 17, 2012

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