The DOF Subsea Group has seen a number of contract awards in the Atlantic region and Brazil, with a total contract value of approximately NOK 750 million.

The Atlantic region:
After successfully completing the 2012 workscope for BritNed offshore UK and the Netherlands, the contract has now been extended for a further 2 years, utilizing either the vessel Geosund or the Geoholm.

In the UK work is currently underway on the previously reported Teekay Petrojarl Banff & Kyle FPSO re-installation and there has been a subsequent increase in contract value. Multiple vessels will be engaged on this project throughout the second half of 2013 including the Skandi Skolten and DOF Subsea’s recently delivered Skandi Bergen. The workscope encompasses the tow-out and mooring of the FPSO along with the re-instatement of subsea architecture including structures, risers, flowlines and umbilicals.

Teekay has also awarded DOF Subsea a contract for the mooring pre-Installation, tow-out and hook-up work for its new FPSO, which will be installed on the Knarr field, offshore Norway. The Skandi Skolten and other vessels will be utilized in support of this project.

DOF Subsea’s North Sea order book has been further enhanced with the award of a subsea construction project from a major oil company. The project involves the disconnection of redundant flexible flowlines and tie-in of new flowlines to the wellheads and subsea manifold. Offshore work on this project is scheduled for the third quarter of 2014.

Additionally, there has been a contract extension from Technip for the vessel charter of the Geoholm and Statoil has awarded a contract extension for construction support work using the Geosund.

Jan-Kristian Haukeland, EVP DOF Subsea Atlantic, stated: “the awards reflect continuing client support for our high quality vessels and services and the project work scopes reflect the wide ranging capabilities of the DOF Subsea Group”

The Brazil region:
DOF Subsea has secured a new contract for the the Skandi Salvador with Chevron. The contract starts when the current contract with Chevron ends in September 2013 and has a firm period until the end of 2014.

The vessel has already been working for Chevron during the last 5 years. With this new contract Skandi Salvador will continue supporting the production activities across Frade Field performing subsea construction, ROV inspection and Survey services.

As per Eirik Tørressen, DOF Brasil Country Manager, the new contract reflects the cooperative relationship that Chevron and DOF has established through the past years in Brazil and the operational excellence achieved by this team working effort. “We are very glad to keep working with first class clients like Chevron, where we can have a high cooperation level and transparent dialogue. We are confident that the new contract will replicate the same excellence in performance and safety records”, said Tørressen.

The Skandi Salvador was the first construction vessel built in Brazil.

Mons S. Aase, CEO DOF Subsea, stated: “I am very pleased with the contract awards, further adding to the record-high back-log.”

About DOF Subsea
DOF Subsea is a part of the DOF Group. With a multi-national workforce in excess of 4,000 personnel, the DOF Group is a global group of companies which owns and operates a fleet of more than 70 modern offshore and subsea vessels, and has the engineering capacity to service both the offshore and subsea market. With over 30 years in the offshore business, the Group has a strong position in terms of experience, innovation, product range, technology and capacity.
The DOF Group's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to Subsea engineering, DOF offers a full spectrum of top quality offshore services to facilitate an ever-growing and demanding industry. The Group's main operation centers and business units are located in Norway, the UK, the USA, Brazil, Argentina, Egypt, Angola, Singapore and Australia.
DOF ASA shares are listed on the Oslo Stock Exchange (DOF).