DOF is pleased to announce that its subsidiary DOF Rederi AS has entered into a new Memorandum of Understanding (MOU) for a long term time charter contract with Total Austral S.A. in Argentina (Total) in respect of the vessel Skandi Patagonia.
The vessel is currently on time charter with Total since the year 2000. The new time charter contract has a duration of 15 years from 1 January, 2011. Mohn Drilling AS of Bergen, Norway, will act as provider of diving and ROV services onboard the vessel, as it has for the past ten years.
A corresponding MOU has been entered into between DOF Rederi AS and Mohn Drilling AS.
Estimated total contract value is approx. NOK 1,5 billion.
The CEO of DOF, Mons S. Aase, says: "DOF is extremely pleased that out longstanding good relationship with Total and Mohn Drilling, and the quality of the vessel and the services provided to Total for the previous ten years, now leads to a renewed and continued long term cooperation to the benefit of the parties involved."