Three DOF’s ROV Support Vessels in $150M worth of charters with Petrobras

Offshore support vessel owner DOF has secured contracts for three ROV Support Vessels (RSV) with Petrobras in Brazil. All contracts have a firm duration of three years and Petrobras will have options to extend for another two years.

The Skandi Commander, Skandi Olympia, and Skandi Chieftain vessel have been selected for the job, and each vessel will be equipped with two work class ROVs owned and operated by DOF Subsea Group.

All three contracts are expected to begin in the second quarter of 2019. The estimated total firm contract value is NOK 1,3 billion or around $150,8 million.

Skandi Olympia (built 2009) has been on charter with Fugro since the delivery in 2009. She was redelivered from Fugro by the end of 2018 and been idle in Norway since.

Skandi Commander (built 2007) completed a RSV contract with Petrobras in November 2018 and is now working on a 60-day contract with Total in Brazil.

Skandi Chieftain (built 2005) worked the 2018 season in Canada and has been idle in St. Johns since November 2018. Before moving to Canada, Skandi Chieftain worked on a long-term RSV contract Brazil.

DOF ASA CEO, Mons S. Aase, said “We are delighted with these awards which further strengthen our market position in Brazil. We are combining our vessel and subsea expertise across our global organization. Adding these contracts to the previously announced awards in 2019 has given us a fantastic start in 2019.”