DOF Subsea Bags Multiple Contracts in Asia, Atlantic and Gulf of Mexico

DOF Subsea AS has secured multiple contracts awards in Asia, in Atlantic and in the Gulf of Mexico over the last couple of weeks with a total contract value of abt. USD 50 mill.

In the Asia Pacific Region DOF Subsea have secured several new contracts and extension of existing contracts with a total contract value of about USD 20 million. The contract award will increase the utilisation of the region’s vessels Geobay, Skandi Singapore and Skandi Hercules.

In the Atlantic region DOF Subsea have been awarded several new contracts and extension of existing contracts with a total contract value of USD 24 millions. The contract award will increase the utilisation of the region’s vessels Geosund, Skandi Skolten and Geoholm.

In the Gulf of Mexico DOF Subsea have been awarded a new Survey contract with Saipem America for the pre-lay survey support of Saipem’s CastorOne 2013 installation campaign. The contract has duration of about 2 months with start-up early January 2013. The contract value is about USD 6 million and the vessel Geoholm will be utilised.

Mons S Aase is very pleased with the contract award that will increase the contract coverage for the 4thquarter 2012 and for the 1stquarter 2013.

Press Release, October 17, 2012

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