DOF announce that it has been awarded contracts for three ROV Support Vessels (RSV) with Petroleo Brasileiro S.A. (Petrobras). All contracts have a firm duration of three years and can be extended for another two years. The vessels allocated for the contracts are Skandi Commander, Skandi Olympia and Skandi Chieftain, all owned by DOF Rederi AS (100 % owned by DOF ASA). Each vessel will be equipped with two state of the art work class ROVs owned and operated by DOF Subsea Group.
All three contracts are expected to commence in 2nd quarter 2019. Estimated total firm contract value is NOK 1,3 billion.
Skandi Olympia (built 2009) has been on charter with Fugro since her delivery in 2009. She was redelivered from Fugro by the end of 2018 and been idle in Norway since. Skandi Commander (built 2007) completed a RSV contract with Petrobras in November 2018 and is now working on a 60 days contract with Total in Brazil. Skandi Chieftain (built 2005) worked the 2018 season in Canada and has been idle in St. Johns since November 2018. Before moving to Canada Skandi Chieftain worked on a long-term RSV contract Brazil.
DOF ASA CEO, Mons S. Aase, said “We are delighted with these awards which further strengthen our market position in Brazil. We are combining our vessel and subsea expertise across our global organization. Adding these contracts to the previous announced awards in 2019 has given us a fantastic start in 2019.”
About DOF Subsea Group
The DOF Subsea Group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services, which involve complex and challenging engineering in an international environment.
About Petrobras
We have upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.
We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.