DOF Subsea has recently clinched two significant decommissioning contracts.
The first project involves an exclusive purchase and removal deal (EPRD) for a North Sea operator, encompassing a comprehensive scope of services. DOF will spearhead project management, engineering, logistics, and execution for a floating production, storage and offloading (FPSO) cessation endeavor.
The company is tasked with disconnecting, transporting, and pre-mooring the floating unit, followed by the retrieval and recycling of the mooring system. Immediate commencement of project management and engineering activities will pave the way for offshore execution scheduled in Q3 2024. DOF will use four vessels including the Skandi Hera and Skandi Iceman for the project.
In the Asia-Pacific (APAC) region, DOF’s second contract entails field decommissioning support in connection with a depleted field situated off the Australian coast. The contract includes project management, engineering, procurement, and offshore operations, with an estimated duration of five to seven weeks starting in December 2023.
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For this project, the CSV Skandi Hercules, with two permanently installed work-class remotely operated vehicle (WROV) systems and a 250-tonne active heave compensated (AHC) crane, will be used for the operations ahead.
The combined revenue projected from these ventures is US$30 million.
