DOF ASA Signs NOK 225 Million Contract Offshore Australia with Apache

DOF announced today that they have signed a NOK 225 million contract with Apache Energy Limited for the use of the anchor handling tug supply vessel, Skandi Atlantic, offshore Australia. The firm period of the contract is 900 days commencing in May 2012.

Skandi Atlantic is owned by Aker DOF Deepwater AS (ADD) and is the last vessel of 6 sister vessels built at the STX OSV yard in Vietnam.

Chief Executive of DOF ASA, Mons S. Aase, comments:

The contract with Apache is a strategic important contract for both DOF and ADD. It is the first long term contract we win in the Australian market for AHTS vessels.

DOF presently operates 8 vessels in the region. We expect a growing demand for our vessels and services in the region and our ambition is to grow our fleet and organisation out of our Perth office.

The ADD vessels have proven to be well suited for operations world wide. Two vessels are now operating in Asia Pacific on long term contracts, two in the North Sea spot market and one on long term contract in Brazil. We expect a good market for these vessels in all three regions.

DOF ASA operates 74 vessels around the world within three segments in relation to strategic types of activities and vessel types – Platform Supply Vessels (PSV), Anchor Handling Tug Supply Vessels (AHTS) and Construction Support Vessels/Subsea Vessels (CSV). In addition, the group also owns and operates a fleet of state of the art and highly sophisticated ROVs.