DOF Sells Diving Support Vessel to GEO

The board of DOF ASA has entered into an agreement with the board of GEO ASA to sell a diving support vessel under construction from DOF to GEO.

The sale stems from the DOF board's desire to acquire all subsea activities in GEO. The ship is set to be delivered from the shipyard this summer and will then begin an eight-year contract with Technip. The value of the vessel and its contract have been assessed by Pareto and Enskilda at NOK 170 mill. DOF will receive approximately 3.1 million shares in GEO as payment.

The issue will be decided at an extraordinary general meeting of GEO shareholders.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
HR Advisor
Expertise: Cementing|HR - General
Location: Mt Braddock, PA
HR Advisor
Expertise: HR - General|Well Control
Location: Punxsutawney, PA
United States Elmendorf: Entry Level Operator Assistant I - Frac/Acid
Expertise: Field Service Tech
Location: Elmendorf, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours