DOF Subsea Canada is pleased to announce the award of the first SURF project for the Skandi Constructor from VAALCO ENERGY. DOF Subsea will perform subsea construction and installation services to support the subsea reconfiguration associated with the replacement of the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage and Offloading vessel (“FSO”) at the Etame field, offshore Gabon. Engineering and design work has commenced with subsea work forecasted to begin in July and expected to be completed by September 2022.

The Skandi Constructor was upgraded in 2021 with a 250 ton AHC crane and outfitted with 2 new XLXc ROV system and is currently working in Trinidad under multiple contracts managed by DOF Subsea USA performing commissioning and IMR tasks before returning to the North Sea for other commitment in Q2.

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 VAALCO

VAALCO (NYSE: EGY; LSE: EGY), founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.

The Company is an established operator within the region, holding a 63.6% participating interest in the Etame Marin block, located offshore Gabon, which to date has produced over 125 million barrels of crude oil and of which the Company is the operator.