DOF secures further backlog in APAC at improved rates and margins

DOF Group has actually protected an agreement and an agreement extension in Asia Pacific, protecting additional stockpile in the area.

The current agreement protected for the area will utilize Skandi Hercules and see the vessel totally used off the Australian coast into the 3rd quarter of this year.

The contracted scope consists of task management and engineering, logistics support and execution of numerous examination, upkeep, and repair work (IMR) activities.

An agreement extension has actually been protected for Skandi Singapore with the vessel completely devoted through Q3 2024 with more choices offered into Q1 2025.

The combined worth is over $20 million for the firm part.

Mons AaseCEO of DOF Group, stated: “I am really delighted with these awards bringing the APAC area near to complete utilisation for very first half 2024 at enhanced rates and margins.”

DOF revealed in mid-December 2023 that Skandi Hercules had actually won 3 subsea service agreements with Australian-based operators for overseas execution in 2024.

In regards to the most current news originating from DOF, the Norwegian business protected an agreement with UK energy companies Altera Infrastructure to set up a round drifting production storage and offloading (FPSO) vessel and a drifting storage system (FSO) at Eni’s oil and gas advancement offshore Côte d’Ivoire, Africa.