DOF Subsea Awarded Contract for BOP Recovery Ops in India

DOF Subsea USA has been awarded a contract by Boots & Coots, Inc. for the provision of DP II construction vessel for a BOP recovery operation in the Bay of Bengal, India.

DOF Subsea will be utilizing the Company's vessel MV Geoholm outfitted with 2 XLS work-class ROVs, survey and subsea intervention services to assist the drill rig in regaining access to the well via the BOP. The intention is to safely plug and abandon the well before recovering the BOP.

Marco Sclocchi, President of DOF Subsea USA, stated, "This is a significant win for the DOF Group ensuring asset utilization and exposure of DOF subsea vessels to new clients in a rapidly growing region. It is especially important for DOF Subsea USA which will be responsible for the management of the vessel from Houston, thereby facilitating the expansion of its local expertise in project management, vessel operation and subsea intervention to fulfil the project requirement."

The DOF Subsea Group is a specialist subsea service business that provides subsea construction, engineering, IRM, ROV and survey services to the world’s major subsea markets. The Company owns state of the art equipment including 18 construction support vessels, 24 ROVs, 1 AUV and 11 diving spreads. The enables DOF Subsea to offer differentiated positions with its clients and work in long term relationships, which enhance service delivery and reduces overall risk.

In support of its growing global business, an extensive new build program is currently underway with 8 new vessels and -10 new Triton XLX ROVs schedules for delivery during 2010 - 2011.