New contracts with Shell UK (Shell)

DOF Rederi AS, a daughter company of DOF ASA, has entered into 2 new contracts and one extension of an existing contract with Shell. For the Skandi Foula and the Skandi Rona the firm contract periods are 5 years with 5 x 1 year optional periods. Both these contracts will commence in April 2012. Skandi Marstein has been extended with 1 year until November 2012.

The new contracts are done at market terms and will give an annual EBITDA increase of approximately NOK 34 million compared to the previous contracts.

Skandi Foula and Skandi Rona have worked for Shell since they were delivered from yard in 2002. Skandi Marstein has worked for Shell since 1996 when she was delivered from yard. 

Skandi Marstein, Skandi Foula and Skandi Rona are large PSVs.

For further information, please contact: CEO Mons S.  Aase, tel: +47 91 66 10 12

With a multi-national workforce in excess of 3,400 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 25 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, Argentine, Egypt, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.