DOW JONES NEWSWIRES
Norwegian offshore engineer DOF ASA (DOF.OS) said Tuesday that
seabed-to-surface engineering contractor Subsea 7 SA (SUBC.OS) has
exercised an option with its DOF Subsea AS unit to extend the
contract on the construction vessel Skandi Seven by 1 year from
Mar. 31, 2013.
MAIN FACTS:
-DOF Subsea has previously announced that Subsea 7 has fixed the
vessel Skandi Skansen for a period of 100-200 days per year over
the next 4 years.
-Subsea 7 has declared an option and extended the contract and
will utilize the vessel Skandi Skansen for a fixed period until
Jul. 2013.
-DOF Subsea Asia Pacific has entered into several contracts in
the Far East where the vessels Skandi Singapore, Skandi Hercules
and Geobay will be utilized under the contracts.
-DOF Subsea Atlantic has entered into a contract with
ConocoPhillips (COP) where the vessel Skandi Skolten will be
utilized under the contract.
-The total value of the new contracts are about NOK520
million.
-At 0835 GMT shares traded 0.3% higher at NOK36.80.
-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093;
dominic.chopping@dowjones.com