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DOF Subsea contract awards

DOF Subsea, a subsidiary of DOF ASA has been awarded several contracts, securing utilisation for several vessels in the Subsea IMR Projects segment.
 
In the Asia Pacific region and the Atlantic region, DOF Subsea has been awarded several contracts and work under existing frame agreements, securing utilisation of the vessels Skandi Singapore, Skandi Hercules and Skandi Neptune in Q3 and into Q4 2017.
 
In Brazil, Petrobras has extended the contract for Skandi Salvador by 6 months from August 2017.
 
In the North America region, DOF Subsea has been awarded several contracts for the Diving Support Vessel Skandi Achiever in the Gulf of Mexico and Trinidad and Tobago. The contracts secure utilisation of the vessel until ultimo October
2017.
 
Mons S. Aase, CEO, stated: "I am pleased with the contract awards and our global organisation's ability to secure utilisation for the Group's vessels in a challenging market."
 
For further information, please contact:  
Mons S. Aase, CEO. Tel: +47 91 66 10 12  
Hilde Drønen, CFO. Tel. +47 91 66 10 09