DOF Group inks new contract for PSV with oil company

Norway’s DOF Group ASA has secured a substantial contract with an international oil company for the 2011-built platform supply vessel (PSV), Skandi Feistein. The shipowner didn’t disclose the name of the oil company.

The 4623-dwt vessel will continue with the current client on a new 18-months firm contract with a further 18-months extension option.

As informed, the commencement will be in direct continuation from the existing contract. The company believes that this agreement contributes to maintaining DOF’s presence in Australia.

This contract has a value between $25m to $50m.