July 29, 2016 2:31 AM ET

Energy Equipment and Services

Company Overview of DOF Subsea ASA

Company Overview

DOF Subsea AS provides subsea services to the oil and gas industry. It offers survey and positioning services comprising seabed mapping, subsea positioning, data processing, acoustic positioning, and C3D and C4D visualization, as well as ocean observation systems; and field development services, such as subsea installation, field enhancement, and decommissioning. The company also provides field production services; subsea inspection, maintenance, and repair services; field enhancement services; and diving services for construction and inspection, repair, and maintenance activities. In addition, it offers ROV and intervention services consisting of inspection and survey; CP measurements of su...

Thormøhlensgate 53 C

Bergen,  5006


Founded in 2005


47 55 25 22 00


47 55 25 22 01

Key Executives for DOF Subsea ASA

Chief Executive Officer and Director
Age: 50
Chief Financial Officer and Executive Vice President
Senior Vice President of Finance
Age: 42
CSO and Senior Vice President of HSEQ
Executive Vice President of Atlantic
Compensation as of Fiscal Year 2016.

DOF Subsea ASA Key Developments

DOF Subsea Win Several ROV and Diving Contracts

DOF Subsea has been awarded several ROV and diving contracts for the vessel Skandi Achiever in the North Sea and the North America region, securing utilization of the vessel until end-October 2016. Following completion of ongoing commitments in the North Sea, the vessel will mobilize to Canada for ROV and light construction activities with a major oil & gas operator before transiting to the Gulf of Mexico to support saturation and surface diving projects. In Brazil, Petrobras has awarded a new contract for the vessel Skandi Vitória securing utilization for the remainder of 2016. The vessel is owned through a joint venture together with Technip.

N-Sea and DOF Subsea to Provide SAT Dive Service

N-Sea and DOF Subsea have entered into a two-year cooperation agreement to provide an integrated saturation (SAT) dive service. The Cooperation agreement reflects both companies' strategic decision to increase their overall service offering through Saturation diving across Europe, Africa, and Mediterranean. The principles of the agreement are set out with DOF Subsea providing the Dive Support Vessel, Skandi Achiever, whilst N-Sea will provide saturation diving resources. Project Management, Engineering and Diving Manual/Procedures will be provided through an integrated team.

DOF Subsea ASA Reports Group Earnings Results for the First Quarter Ended March 31, 2016

DOF Subsea ASA reported group earnings results for the first quarter ended March 31, 2016. For the quarter, the company’s operating income was NOK 1,343 million compared to NOK 1,558 million for the last year. Operating profit before depreciation (EBITDA) was NOK 495 million compared to NOK 578 million for the last year. Operating profit (EBIT) was NOK 154 million compared to NOK 442 million for the last year. Profit before tax was NOK 345 million compared to NOK 122 million for the same period a year ago. Profit for the period was NOK 316 million compared to NOK 139 million for the last year.

Similar Private Companies By Industry

Company Name Region
2K Tools AS Europe
4Subsea AS Europe
Ability Drilling ASA Europe
ABM Group AS Europe
Ace Oil Tools AS Europe

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact DOF Subsea ASA, please visit www.dofsubsea.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.