DOF secures four subsea vessel contracts

The Oslo, Norway-listed vessel owner gained contracts for survey, inspection, maintenance and repair and construction support securing continuous utilisation for at least four subsea construction support vessels for several months in 2021.

Energy companies have contracted 2008-built Skandi Acergy, 2011-built Skandi Skansen, 2001-built Skandi Neptune and 2008-built Skandi Seven for work totalling more than 180 vessel days for work out to Q2 2021.

“We continue to secure projects with key oil and gas operators across the North Sea, Mediterranean and Africa,” said DOF chief executive Mons Aase. “These awards secure continuous utilisation of our regional pool of specialised subsea vessels and integrated project teams,” he said.

All of these contracts include project management, engineering, procurement and logistics which will be delivered by DOF’s integrated subsea team in Bergen (Norway), Aberdeen (UK) and Luanda (Angola).

In the North Sea, DOF Subsea will assist a key client with a subsea inspection programme during Q1 2021 on the UK continental shelf and a leading operator with start-up and commissioning activities for a subsea satellite development in Norway.

In Angola, DOF Subsea will conduct a greenfield seabed mapping campaign for an international client using remotely operated and autonomous underwater vehicles.

In addition, DOF Subsea has mobilised Skandi Neptune from the North Sea for an undisclosed international client off northern Africa, to support the classification of a floating production storage and offloading ship and field inspection programme.

Another Norwegian owner, Solstad Offshore, has gained a contract extension for its construction support vessel Normand Commander. Bahia Grande has exercised an option to extend the contract for another three years.

Normand Commander has been on a bareboat contract with Bahia Grande in Argentina since 2018. It will continue its contract until at least October 2026.

However, Siem Offshore had bad news for investors. Its subsidiary Secunda Canada received a notice of early termination of the charter party for the vessel Siem Pilot. The original charter period was due to expire in November 2022. Secunda Canada will be entitled to an early termination fee.

Offshore projects and vessel operations will be discussed during Riviera’s Offshore Webinar Week during January 2021 - use this link for more details and to register for these webinars