DOF Subsea Fleet Heads to Work with Latest $130 Million Round of Contracts

Skandi Hercules, image: DOF Subsea

Norwegian offshore engineer Dof ASA (DOF.OS) said Wednesday it has secured multiple contract awards, worth a total of about $130 million, in the North Sea and Asia Pacific region.

MAIN FACTS:

-In the North Sea region DOF Subsea has secured multiple contracts with key clients in U.K. and Norway. The scopes comprise installation of mooring system and flexible flowline systems, construction support, survey and inspection work and will be executed with the vessels Skandi Skolten, Geosund, Geoholm and the newbuild Skandi Bergen.

-The engineering will be done at DOF Subsea’s offices in Aberdeen and Bergen.

-In the Asia Pacific region DOF Subsea has secured several contracts with four key clients. The contract awards span a wide range of subsea project activities and include subsea structure installation, pipe lay and field maintenance in Australia, Indonesia and the Philippines.

-The contracts will increase the utilization of the vessels Skandi Hercules and Skandi Hawk.

-At 0906 GMT shares traded 2.9% higher at NOK28.20.

-Write to Dominic Chopping at [email protected]

 (c) 2013 Dow Jones & Company

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