DOF opens office in Korea to meet growing demand in energy transition

DOF establishes presence in Korea

DOF is pleased to announce the opening of a new office, together with a local partner, in Busan, Korea, to meet the rising demand of offshore energy projects in the region.

With a well-established reputation for innovation and forward-thinking policies in clean energy, the Korean market represents a significant growth opportunity for DOF as the oil and energy sector transitions over to renewables.

According to market analysis, Korea is set to develop 4GW of offshore floating wind by 2030 with a further 5GW by 2035. This means that Korea is expected to provide the largest offshore floating wind opportunities in the world. To meet this rising demand, DOF is excited to expand into this market and bring with them their expertise and capabilities from the offshore energy industry.

At the Norway - Korea Day 2023. From left to right: Karl Daly (DOF), Mark Wood (DOF), Norwegian Ambassador to Korea, Anne Kari Hansen Ovind, Jan-Kristian Haukeland (DOF), and Barry Steele (DOF).

World leading offshore energy competence

With over 40 years of offshore experience, DOF is a significant supplier to the global oil and energy industry. Over the past few years, DOF has played a significant role in the development of floating offshore wind projects and has valuable experience in the deployment of floating wind turbines. Especially, this expertise was demonstrated during the installation of wind turbines at Hywind Tampen, the world’s largest floating wind farm to date.

Jan Kristian Haukeland, DOF’s EVP Renewables,said:

“We are excited to establish our presence in Korea. The expansion is a significant milestone for DOF as we continue to grow and contribute to the global energy transition. With our new office in Busan, we will be able to better serve our customers in the region and look forward to collaborating with local partners to capture opportunities in the renewables market.”

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