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DOF Chartered a Jones Act Vessel in North America

Source: www.gulfoilandgas.com 3/4/2014, Location: North America

CEO, Mons S. Aase stated that he is very pleased with the contract awards, which further strengthens DOF Subsea's market position in the Gulf of Mexico.

DOF Subsea, a subsidiary of DOF ASA, has entered into an agreement with Otto Candies for the charter of the Jones Act vessel Chloe Candies for a firm period of one year plus one year option. The charter period will commence at the beginning of March 2014. The vessel will be operated by DOF Subsea North America to execute subsea projects.

DOF Subsea North America has also entered into a contract securing utilization of the vessel Chloe Candies for 5 + 2 months. In addition, DOF Subsea North America has entered into a contract utilizing Harvey Deep-Sea for 3 months firm + 2 months options.

CEO, Mons S. Aase stated that he is very pleased with the contract awards, which further strengthens DOF Subsea's market position in the Gulf of Mexico.

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