ROVworld Subsea Information

Major work under Aker Oilfield Services contract
Date: Monday, October 29, 2007 @ 11:00:00 EDT
Topic: CONTRACT AWARDS


Major work under Aker Oilfield Services contractReference is made to our notice dated July 13, regarding long-term charters with AKOFS for two newbuilds, as well as the notice from AKOFS today, regarding a 5+5 year contract with Petrobras.

DOF Subsea is the supplier of the 120 m vessel of OSCV03 design (to be delivered in 2009), two work class ROV's, and the operation of the vessel and the ROV's under the said contract. DOF Subsea's part of the contract value for the initial 5 years, is approximately USD 175 million.

DOF Subsea owns 25% of Aker Oilfield Services.





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