DOF Group strikes large deals with Equinor and oil player

Norway’s DOF Group has secured a large contract with Equinor Energy for the Skandi Iceman anchor handling tug supply (AHTS) vessel.

The contract is worth between NOK 500 million to NOK 1 billion (about $47.15m to $94.30m).

DOF will have two anchor handlers supporting Equinor’s Norwegian operations until 2027 at the earliest, with Skandi Vega having been on charter to Equinor since delivery 2010.

This contract will build on the long-term relationship between the DOF Group and Equinor for AHTS services. The contract also includes ROV services provided by the DOF Group.

The contract work will begin in the second-quarter 2024 with three-year firm and 3×1 year options.

Mons Aase, chief executive of DOF Group ASA, said: “This award demonstrates the performance of our anchor handling vessels and our crews. We are very happy to see Equinor selecting DOF for another long term AHTS contract.”

In addition, DOF also was awarded a contract with an international oil company for the Skandi Kvitsøy platform supply vessel (PSV).

The vessel will work in Australian waters and further strengthen the company’s presence in Australia. The contract work will begin in the first-quarter 2024 with two-year firm and two years options.

This contract has a value between NOK 250m to NOK 500m.