DOF Group is set to earn up to $50m in a new deal for one of its platform supply vessels.
The Norwegian offshore giant said the 4,700-dwt Skandi Feistein (built 2011) will go on charter to an unnamed “international oil company” for 18 months with an 18-month extension option.
The work will be done in Australia, with the contract “contributing to maintaining DOF’s presence” in the country.
The new contract will begin immediately after the Skandi Feinstein’s old deal ends.
The PSV had already been working there for Esso Australia on a five-year deal that began in late 2019.
DOF Group classed the charter as a “substantial contract”, or one valued between $25m and $50m in company parlance.
It already had a $2.6bn backlog throughout June before announcing a $1.1bn deal to acquire Maersk Service Supply.
The deal built the world’s largest fleet of construction support vessels and high-end anchor-handling vessels, DOF Group said.
The 78-ship acquisition pushed DOF Group to boost its Ebitda forecast to $520m from $500m in August.
The DOF Group-Maersk Supply Service tie-up also brought together heavyweight Norwegian owners John Fredriksen, Arne Blystad and Kristian Siem with AP Moller Holding, the controlling shareholder behind Danish conglomerate AP Moller-Maersk.
In midday trading on Wednesday, DOF shares were down NOK 2.10 ($0.19) to NOK 88.90.
