DOF Set to Bring in $30M From Two New Projects

Tuesday, December 19, 2023

Norwegian offshore vessel operator DOF Group has secured two new projects – one in the North Sea and the other in Asia Pacific region – whose combined revenue is expected to bring in $30 million to the company. 

The first contract for DOF covers engineering, procurement, removal and disposal (EPRD) for a North Sea operator, including the project management, engineering, logistics and execution of an FPSO cessation project. 

According to DOF, it will disconnect, transport and pre-moor the floating unit, and retrieve and recycle the mooring system. 

Project management and engineering starts immediately, while offshore execution is planned in Q3 2024 utilizing in total four vessels, including Skandi Hera and Skandi Iceman, the company said. 

In the Asia Pacific region, DOF has been awarded a contract to provide field decommissioning support in association with a depleted field off the Australian coast. 

The award includes project management, engineering, procurement, and offshore services and is expected to be completed over a five-to-seven-week period commencing in December 2023. 

The project will use construction support vessel (CSV) Skandi Hercules which, with two permanently installed WROV systems and a 250Te AHC crane, is said to ideally suited to these operations.

The combined revenue from the two projects is estimated to approximately $30 million, DOF informed

Categories: Vessels North Sea Industry News Activity Europe Asia Pacific

Related Stories

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

Current News

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com