DOF Subsea Scoops Several Contracts

DOF Subsea, a subsidiary of DOF ASA, has been awarded multiple contracts, with a total value of approximately NOK 400 million ($59 million).

The contract awards will improve the utilization of the subsea project vessels in the Asia Pacific, Atlantic and North America regions.

As per September 30, 2014 the Group’s fleet comprised of 23 owned vessels, 5 long-term chartered in vessels, 5 vessels under construction and an ROV fleet of 56 units and 12 ROVs and 1 AUV on order.

The majority of the Group’s vessels are fixed on long-term contracts. The contract backlog including options amounted to approximately NOK 33 billion as of September 30, equivalent to about 5 years turnover. However, the Group is exposed to the short-term market on the project vessels. On these vessels the management is working to increase the contract backlog and the tendering activity has been high during the quarter.

The scope of work includes subsea installation, IMR and survey work.

CEO, Mons S. Aase, stated: “I am pleased with the contract awards, improving utilization of our vessels for fourth quarter 2014.”



Share this article

Follow Subsea World News


<< Apr 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >


Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >