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DOF Subsea Asia Pacific Wins Contracts Worth $47 Million

19 August 2011

DOF ASA reports that its DOF Subsea Asia Pacific subsidiary has secured multiple contracts awards in Asia and Australia over the last couple of weeks with a total contract value of about $47 million.

The newbuild DSV Skandi Singapore and the CSV Skandi Hercules will be employed under these contracts.

Steve Brown, EVP, Asia Pacific said "These awards build on the excellent track record that DOF Subsea has in the region. DOF Subsea has undertaken a highly targeted investment program to prepare for the forecast expansion in the Asia Pacific offshore oil and gas market and our recent additions to our regional fleet the Skandi Hercules and Singapore are central to our drive to achieve ever higher standards of safety, quality and reliability. We look forward to working with our clients to deliver safe and successful projects."

Mons Aase, CEO said that the contract awards in Asia Pacific are "great news" and that the investment in new assets is positive for further growth in the region.