The Norwegian offshore shipowner DOF Group ASA (DOF) has secured a charter extension with revenue estimated to over $60m.

DOF has announced that Prime Energy Resources Development B.V. (Prime Energy) has extended the contract to the end of 2027 of the multi purpose platform supply vessel (MPSV) “Skandi Hawk”.

DOF has been providing MPSV and subsea services to Prime Energy (formerly Shell Philippines Exploration B.V), in support of the Malampaya gas field operations offshore Philippines since April 2015, and subsea support and IRM services for 13 years prior to that.

An agreement has now been reached to extend the existing contract including project management and engineering services, subsea inspection, repair and maintenance services and the MPSV “ Skandi Hawk” from February 2024 until 31 December 2027 in support of the continued operation and growth of the Malampaya field operations.

“Skandi Hawk” is a STX PSV 09 designed multipurpose platform supply vessel built in 2012.

Mons Aase, chief executive of DOF Group, said: “This is a substantial contract extension with an estimated value of over USD 60M. It builds on the successful partnership between our team in APAC with Prime Energy and the Malampaya field since production commenced and we look forward to continuing to support Prime Energy in the years to come.”