DOF Subsea Secures Global Services Contracts

DOF Subsea, a subsidiary of DOF ASA, revealed Wednesday that it has been awarded several IMR (inspection, maintenance, repair) and subsea instalation contracts worth in excess of $61 million (NOK 500 million) over the past few months.

The contracts will secure utilization of the subsea project fleet across a range of regions, according to the company, including Asia-Pac, the Atlantic and North America. In the Asia Pacific region DOF Subsea secured a letter of intent from a “key client” for an EPCI (engineering, procurement, contraction, instalation) project with the offshore phase during the first half 2017. The scope of work includes supply chain management services for the fabrication and supply of mooring chains, the replacement of eight mooring legs and PM&E (participatory monitoring and evaluation).
 
In the Atlantic region, DOF Subsea was awarded several contracts the past few months including an FPSO mooring instalation and hook-up contract by Yinson Production offshore Ghana, on the Eni operated OCTP field. The contract will secure utilization of the Atlantic organization and regional subsea vessels in the fourth quarter of 2016 and the first quarter of 2017, as well as increase DOF Subsea's presence in West Africa. Other awards include a 5-year pipeline inspection frame agreement with Maersk.
 
In the North America region, DOF Subsea secured work in the Gulf of Mexico and offshore Canada. The scope of work includes survey, IMR and light construction operations. To service the contracts offshore Canada, DOF Subsea will charter the DOF-vessel Skandi Chieftain for a 100-day job, in addition to increasing the number of ROV systems deployed in the region.

DOF Subsea CEO, Mons S. Aase, said in a company statement:

"I am pleased with the contract awards, securing utilization of people and assets. The FPSO mooring award offshore Ghana, as well as allocating an additional vessel to the Canadian market, increases the group's global presence and improves our market access. This in combination with securing repeat business for our key clients will be important going forward."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)


Most Popular Articles

From the Career Center
Jobs that may interest you
Electronics technician
Expertise: Electrical Technician|Field Service Tech|Mechanical Technician
Location: El Reno, OK
 
Senior Operator 1 - Slickline
Expertise: Slickline
Location: Kenai, AK
 
Wireline Field Operator
Expertise: Wireline
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours