DOF Subsea’s North Sea Successes

DOF ASA’s subsidiary, the Bergen-based specialist subsea service company DOF Subsea Norway AS has been awarded several significant contracts for company multipurpose vessel Geosund, ensuring solid utilisation through the summer. In late April, Geosund successfully completed annual subsea inspection work for Mærsk Olie og Gas utilising a combination of a Schilling UHD ROV and the new Focus 2 ROTV. Immediately following the Mærsk work, Geosund began subsea wellhead removal for the first Norse Cutting & Abandonment campaign of 2010. NCA has recently awarded DOF Subsea Norway a 3 year Frame Agreement with 2 x 1 yearly options. Upon completion of the NCA work, Geosund will commence work for Subsea 7 in the Valhall field. DOF Subsea will use the Geosund along with two WROVs to fulfil the scope of work, which includes initiation rigging installation, seabed preparations, turn point installation, mattress installation & LBL installation. The initial contract is for approximately 3 weeks but has the possibility to be extended through June. Later in the season Geosund will perform a variety of subsea tasks, including “ready for operations” (RFOs) in the Gjøa field for Statoil. Duncan MacPherson, Regional Manager for Atlantic & Europe, comments: “The recent string of awards exemplifies the wide variety of subsea services DOF Subsea has to offer. We are pleased that the quality of our project execution has led to a continued and growing relationship with several of our key customers and attracted new clients as well.” DOF Subsea provides subsea construction and engineering, IRM, ROV and survey support services to the world’s major subsea markets. The company employs over 1,200 highly qualified staff and owns state of the art equipment including 30 offshore construction, diving and ROV support vessels, 41 ROVs, 1 AUV and 11 diving spreads. In support of its growing global business, an extensive new build programme is currently underway with 11 new vessels and 16 new Triton XLX ROVs scheduled for delivery during 2009 - 2011. For further information please contact: CEO Mons S. Aase, Tel +47 91 66 10 12