DOF has secured substantial contracts in the maritime industry, with deals involving both Subsea7 and Maersk Supply Service.
The company sealed a deal with Subsea7 for the time charter of the Skandi Acergy, a construction vessel boasting a 400-ton crane, a 2,000 square-meter deck, and two remotely operated vehicle (ROV) systems that DOF will oversee as part of the contract. This agreement guarantees a solid 18-month backlog, valued between US$85 million and US$105 million, with operations anticipated to commence in the first quarter of 2025 following the vessel’s ongoing commitments.
In addition, DOF inked an agreement with Maersk Supply Service, marking a two-year firm time charter, with potential extension options, for the Maersk Installer. This vessel, equipped with a 400-ton active heave compensated (AHC) crane, a 100-ton AHC crane, and an expansive 1,850 square-meter deck, promises exceptional flexibility for operations. The scheduled commencement of work is pegged for the end of Q1 2024.
These contracts arrive on the heels of DOF’s three new service contracts with Petrobras, the Brazilian state-owned oil and gas giant, valued at over US$260 million. Following this, the Norwegian company also secured an extension for what it described as a “large subsea service contract.”