July 21, 2017 1:36 AM ET

Energy Equipment and Services

Company Overview of DOF Subsea AS

Company Overview

DOF Subsea AS provides subsea services to the oil and gas industry. It offers survey and positioning services comprising dimensional control, geophysical and seabed mapping, marine construction support, pipeline and cable inspections, structure inspection, and survey solutions; 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 survey; CP measurements of subsea components...

Thormøhlensgate 53 C

Bergen,  5006

Norway

Founded in 2005

Phone:

47 55 25 22 00

Fax:

47 55 25 22 01

Key Executives for DOF Subsea AS

CEO & Director
Age: 51
Chief Financial Officer
Senior Vice President of Finance
Age: 43
Executive Vice President of Asia Pacific
Executive Vice President of USA & Canada
Compensation as of Fiscal Year 2017.

DOF Subsea AS Key Developments

DOF Subsea Wins Contract in the North Sea and in Canada

DOF Subsea has been awarded a contract in the Mediterranean with Transmediterranean Pipeline Company Limited to undertake the pipeline inspection on the TMPC's Pipeline System in third quarter of 2017. The scope involves inspection of 5 submarine pipelines between Sicily and Tunisia. DOF Subsea will deploy the survey vessel Geosund to complete the inspection work scope and pipeline intervention. DOF Subsea successfully completed a similar scope for TMPC in 2014. DOF Subsea has also been awarded a subsea oil field support project offshore Newfoundland for a Canadian Operator.

DOF Subsea AS Receives Contract Awards in the Asia Pacific and Atlantic Regions

DOF Subsea AS has been awarded contracts in the Asia Pacific and Atlantic regions. The new projects bring vessel days for Skandi Singapore, Skandi Skansen and Geosund.

DOF Subsea AS North America Extends Charter for Jones Act Compliant Vessel Harvey Deep Sea

DOF Subsea North America announced the extension of the charter of the MPSV, Jones Act Compliant vessel, Harvey Deep Sea until the end of 2018, plus two one year options. The Harvey Deep Sea Vessel is a Multi-Purpose DPII Construction, Supply, ROV Vessel with 71 accommodation and 165 ton AHC crane capable of reaching 3,000-meter water depth complete with integrated DOF Subsea' Work-class ROVs and Survey spread. The vessel commenced operation in August 2013, supporting most of the key operators in the GoM in their IMR and Subsea Construction endeavors. The project track record and safety performance achieved by the entire crew, makes Harvey Deep Sea one of the most requested Jones Act vessels in the GoM. The new agreement will allow DOF Subsea to continue to support the GoM Subsea IMR and Construction market with the flexibility and competitiveness required by the current market conditions. The region has been awarded projects with key clients in the GoM, providing backlog of NOK 150 million and utilisation above 70% for the vessel through first quarter of 2018.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 24, 2017
Canadian Subsea Shipping Company AS
 

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