DOF Group awarded long-term FSV contract

DOF has signed an LOI (Letter of Intent) for a 2-year firm and 1-year optional contract from an undisclosed energy company. The contract is defined as Very Large, excluding optional period and additional services.

DOF shall under the contract utilise Skandi Seven. Startup shall be Q4, 2024, and is planned in direct continuation from ongoing contract.

In addition to vessel services, DOF shall deliver a full suite of project management, engineering, and logistical services.

Mons S. Aase commented: “We are very pleased with another award from a very important energy company. With Skandi Seven, we recently reached another milestone delivering more than three million manhours without any LTI’s (lost time injury) while conducting FSV duties. I’m enthusiastic about this award, which will utilise our experience in conducting advanced subsea operations”.

Preparations for the contract have already started from our integrated marine operations team located in Bergen, Norway.

For further information, please contact:
Mons S. Aase, CEO, DOF Group ASA. Tel: +47 91 66 10 12
Hilde Drønen, CFO, DOF Group ASA. Tel: +47 91 66 10 09

DOF Group defines a Very Large Contract as a contract with value between USD 100 million to USD 200 million.

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