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DOF Subsea Rederi AS, a subsidiary of  DOF ASA, has sold the vessel Skandi Bergen

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DOF Subsea Rederi AS, an entity in the DOF Subsea Group, has entered into an agreement where the vessel Skandi Bergen is sold to an international buyer. 

Delivery to the new owners is expected early 2014. Based on today’s USD/NOK exchange rate estimated gain on sale of tangible assets will be approximately NOK 200 million.

As a result of the transaction the subsea project activity in the Atlantic region will increase utilization of third party vessels in order to execute 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

About DOF Subsea:

The DOF Subsea Group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services, which involve complex and challenging engineering in an international environment.

DOF Subsea owns a large fleet of modern subsea construction, intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships, which enhance service delivery and reduce the overall risk.

The company’s core business is project management, engineering, vessel operations, survey, remote intervention and diving operations, primarily for the Oil and Gas, Marine Telecommunications and Renewables markets.

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