DOF Subsea Win North Sea and North America Contracts

Published at 12:01PM - 02/06/16

DOF Subsea has been awarded several contracts for remotely-operated vehicles (ROV) in the North Sea and North America region.

These agreements will secure the utilisation of the Skandi Achiever vessel until the end of October, the company informed.

“I am very pleased with the contract awards, and our global organisation’s ability to secure utilisation in a challenging market”, DOF Subsea CEO Mons S. Aase, said.

DOF Subsea Wins North Sea and North America Contracts

After completing ongoing commitments in the North Sea, the vessel is expected to move to Canada for ROV and light construction activities with a major oil and gas operator. Only after, will it transit to the Gulf of Mexico to support saturation and surface diving projects.

DOF Subsea was also awarded a new contract for Skandi Vitoria. Under this agreement, utilisation of the vessel owned in a joint venture (JV) with Technip will be secured for the remainder of this year.

Earlier last month, the company had also announced the lease of Skandi Paraty, owned by Norskan Offshore, to the Brazilian oil firm Petrobras, securing its strong position in the Brazilian market.

DOF Subsea Bets On Global Presence

In its quarterly report for the first quarter of this year, DOF Subsea announced an operating income of £112.14 million, from £130.1 million in the first quarter of 2015. The period counted on the delivery of the first of four pipelay support vessels (PLSV), Skandi Açu, and the delivery of Skandi Protector to its new owners.

During the previous quarter, the company had been awarded several subsea projects in the Asia Pacific and Atlantic region, as well as several inspection, maintenance and repair (IMR) contracts with a total value in excess of £41.75 million.

According to the company’s report, the latter have strengthened the Group’s presence in the Canadian and West African markets.

Last updated on 08:14AM - 03/06/16