Technip Buys Out DOF Subsea in Skandi Arctic JV

DOF Subsea’s subsidiary has entered into an agreement with Technip for the sale of DOF Subsea’s ownership in the joint venture vessel Skandi Arctic, with immediate effect.

The Skandi Arctic is a 157 meters long purpose designed and built diving support and heavy construction vessel.

The company did not disclose the value, however, according to DOF’s Oslo Stock Exchange filing, the transaction is done at market terms and will improve DOF Subsea’s cash position, following the company’s drop in the first quarter profit of almost 65%.

The vessel, launched in 2009, is one of the most modern diving support vessels in the world thanks to its Hyperbaric Monitoring and Control System (HMCS), used to support the 24-man diving chamber complex.

The vessel is fitted with two Workclass ROV Systems each equipped with heave compensated launch and recovery systems (LARS) and a dedicated hangar and an observation class ROV is installed on deck.

In addition, the vessel can be equipped with VLS (Vertical Lay System), and carousel/reels to install flexible risers and flowlines through the working moonpool.

The Skandi Arctic is fitted with 58 single cabins and 41 double cabins, with overall accommodation for 140 people.

Skandi AchieverFurthermore, DOF Subsea informed that the charter contract for the vessel Skandi Achiever has been extended by 7 months with Technip and the vessel is now firm until February 2016.

Subsea World News Staff

 

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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