DOF Subsea is pleased to announce several contract-awards in the Asia-Pacific
region, securing 130 days vessel and resource utilisation into Q1 2020.
The contracts, for undisclosed clients in New Zealand and South East Asia, will
see Skandi Hercules commence operations in December 2019 for a major operator.
Additionally, Skandi Singapore will commence construction operations in early
January 2020 in South East Asia.
In a statement Mons Aase, CEO DOF Subsea, said, "These are important awards for
us securing good utilisation for our vessel and resources in the Asia Pacific
Region. We look forward to working with our clients to deliver safe and
successful projects."
For further information, please contact:
Mons S. Aase, CEO, Tel: +47 91 66 10 12
Hilde Drønen, CFO, Tel: + 47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
DOF Subsea secures several contracts in the APAC region
November 21, 2019
DOF ASA has today entered into a share purchase agreement with FR Dolphin Lux
Holding S.á.r.l., owner of 51,131,358 shares in DOF Subsea AS, and Dolphin
Invest 2 AS, owner of 7,538,163 shares in DOF Subsea AS, both entities
controlled by US based fund First Reserve, for purchase of the aggregate
58,669,521 shares (the "Shares") held by these two companies. The purchase price
for the Shares, which comprise 35,057% of the total volume of shares of DOF
Subsea AS, is NOK 20 mill. The acquisition is closely associated with the
ongoing refinancing of DOF Subsea AS. Post acquisition, DOF ASA will be sole
shareholder of DOF Subsea AS.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
DOF ASA - Acquisition of shares in DOF Subsea AS
November 18, 2019
DOF (UK) Limited has been awarded a contract for up to six months work for the
Skandi Barra by an undisclosed client. Commencement is planned for late November
2019.
DOF is further pleased to announce multiple vessel contract awards with major
key Client in the Mediterranean Sea. The Group has secured utilisation of two
large pipe carriers (PSVs) and one high specification AHTS for respectively a
minimum 60 and 75 firm days plus options.
The vessels will mobilise from other regions within primo December 2019.
DOF ASA CEO, Mons S. Aase, said "DOF is delighted to further strengthen the
relation with two of our key clients and to secure firm work during winter
season."
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
DOF - New contracts
November 18, 2019
DOF Subsea is pleased to announce multiple contract awards from undisclosed
clients in two important growing regions, Trinidad and US GoM.
Skandi Neptune has been awarded a 3-year frame agreement for IMR and light
construction services with a major operator in Trinidad. She will commence
operation in Trinidad late November for the 1[st] offshore inspection campaign.
The Group have also secured several shorter contracts in the GoM to support IMR,
subsea installation and decommissioning operations, securing good utilisation in
the 4[th] quarter for Harvey Deep Sea.
Moreover, Geosea has been awarded a 21-day contract commencing in late November
in the GoM.
In a statement Mons Aase, CEO DOF Subsea, said, "This is important awards for
us, securing good utilisation for our ships in the North America Region, in
addition to creating a strong basis for future work in Trinidad and the GoM."
For further information, please contact:
Mons S. Aase, CEO, tel: +47 91 66 10 12
Hilde Drønen, CFO, tel: +47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
DOF Subsea awarded contracts in Trinidad and GoM
November 7, 2019
Reference is made to the summons to a bondholders' meeting in DOFSUB07 (ISIN
NO 001 0670144) issued on 22 October 2019. The bondholders' meeting was held
today, and the proposed resolution was approved by 100% of the votes in cast at
the bondholders' meeting. The bond agreement for DOFSUB07 will therefore be
changed as set out in the summons. The minutes from the bondholders' meeting is
attached.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Notice from bondholders' meeting DOF Subsea AS
November 6, 2019
DOF Subsea signs today a contract with Kværner to collaborate and deliver Marine
Operations for Equinor`s Hywind Tampen Project. The contract shall be executed
in a 50/50 partnership (joint venture) with Kværner.
"Hywind Tampen will be the world's largest floating offshore wind farm and is
vital for industrialising solutions and reducing costs for future offshore wind
power projects. The deep-water floating renewables market is on the verge of
commercialization, and therefore this contract has strategic importance to DOF
Subsea" says Mons Aase, CEO in DOF Subsea.
The Hywind Tampen project will be installed offshore Norway, west of the city
Bergen and will supply electrical power to the nearby oil and gas platforms
Gullfaks A, B, C and Snorre A and B. The combined effect from the 11 turbines
will be 88 megawatts and will replace about 35 percent of the five platforms'
energy demand. Today, the energy required to run these platforms is supplied by
gas turbines.
The project will reduce Norwegian CO 2 emissions with more than
200?000 tonnes per year, which is equivalent to the emissions from 100?000 cars.
In addition, analysis confirm that the hulls made of concrete have a favourable
CO 2 footprint compared to several other solutions. Hywind Tampen will also be
leveraged to further reduce the CO 2 footprint in future projects.
DOF Subsea and Kværner has entered into a 50/50 joint venture to deliver Hywind
Tampen marine operations. The scope includes full project management,
engineering, assembly site management, mooring system installation, units tow-to
-field and installation of the floating wind turbine units at the Tampen area.
Several state-of-the-art construction vessels will be deployed from DOF Subsea
during project phases, including the 2011 built Skandi Skansen. The vessels,
together with a competent onshore and offshore organisation, shall ensure a safe
and efficient delivery of Hywind Tampen marine operations project.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
DOF Subsea contract for Hywind Tampen is a strategic breakthrough
October 31, 2019
Extraordinary general meeting in DOF ASA was held today, 30 October 2019. All
items were resolved in accordance with the Boards calling notice and the
Nomination committee's recommendation.
Please find attached minutes from the extraordinary general meeting in DOF ASA.
Contact persons:
CEO Mons Aase, tel. +47 91661012
CFO Hilde Drønen, tel. +47 91661009
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Extraordinary general meeting held
October 30, 2019
DOF Subsea has secured 2 contracts totaling more than 160 vessel days for Skandi
Seven and Skandi Skansen in Africa.
Skandi Seven has commenced operations for a repeat international energy company
in Angola, delivering integrated FSV services, project management & engineering.
DOF Subsea will during this contract deliver onshore and offshore work scopes
within deep-water field development and maintenance duties towards existing
subsea infrastructure.
Skandi Skansen shall shortly commence mobilization in the North Sea to deliver a
mooring refurbishment and installation project for a key Client in Ghana. In
water depths up to 1000 meters, Skandi Skansen shall execute a variety of
mooring activities.
The CEO, Mons Aase, states that he is very pleased with the contract awards,
increasing the Company's footprint in strategical important areas in the winter
season.
For further information, please contact:
Mons S. Aase, CEO Tel: +47 91 66 10 12
Hilde Drønen, CFO Tel +47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
DOF Subsea secures contracts in Africa
October 24, 2019
DOF Subsea AS: NOTICE FROM BONDHOLDERS' MEETING AND SUMMONS TO NEW BONDHOLDERS'
MEETING
Reference is made to the summons to a bondholders' meeting in DOFSUB07 (ISIN
NO 001 0670144) issued by DOF Subsea AS (the "Company"), as amended by the
addendum dated 22 October 2019. The bondholders' meeting was held today and the
proposed resolution was approved by 97.49% of the votes in cast at the
bondholders' meeting. The bond agreement for DOFSUB07 will therefore be changed
as set out in the summons. The minutes from the bondholders' meeting is
attached.
In accordance with the resolution passed at the bondholders' meeting, the
Company has requested Nordic Trustee AS to issue a summons for a new
bondholders' meeting to be held to approve a framework for the sharing of
information and the appointment of professional advisers to the bondholders in
DOFSUB07. The summons to the new bondholders' meeting, to be held on 6 November
2019 at 13:00 (Oslo time), is attached.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
With a multi-national workforce of about 3,500 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has a
strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
DOF ASA - Refinancing update
October 22, 2019
