Page 52: of Marine Technology Magazine (July 2014)

DOF Subsea GroupDOF Subsea Group DOF Subsea is an international subsea operating company and leading DOF Subsea is an international subsea operating company and leading provider of subsea services to the oil and gas industry in the North Atlan- provider of subsea services to the oil and gas industry in the North Atlan- tic, Gulf of Mexico, Brazil, Asia and West Africa. DOF?s two core business tic, Gulf of Mexico, Brazil, Asia and West Africa. DOF?s two core business segments are long-term charter agreements for the  eet and the execution segments are long-term charter agreements for the  eet and the execution of complex subsea operations to depths of 4,000 meters, using the group?s of complex subsea operations to depths of 4,000 meters, using the group?s owned and operated purpose-built vessels. owned and operated purpose-built vessels. With a world class  eet of 25 offshore vessels, 59 Remotely Operated With a world class  eet of 25 offshore vessels, 59 Remotely Operated Vehicles (ROVs), including one AUV/IIV system and 10 diving spreads, Vehicles (ROVs), including one AUV/IIV system and 10 diving spreads, the group combines expertise and technology to deliver integrated subsea the group combines expertise and technology to deliver integrated subsea solutions to the offshore oil and gas industry. DOF?s  eet of 25 offshore solutions to the offshore oil and gas industry. DOF?s  eet of 25 offshore vessels, built primarily by Vard, has an average age of seven to eight years vessels, built primarily by Vard, has an average age of seven to eight years and awaits seven newbuilds presently under construction in yards in Nor- and awaits seven newbuilds presently under construction in yards in Nor- way and Brazil. way and Brazil. DOF?s multi-tool  eet enables the group to perform work for high-pro le DOF?s multi-tool  eet enables the group to perform work for high-pro le clients in marine operations; engineering, construction and mobilization; clients in marine operations; engineering, construction and mobilization; supply services; geotechnical and geophysical services; ROV operations; supply services; geotechnical and geophysical services; ROV operations; wellhead intervention; decommissioning; pipelay; pipeline survey and wellhead intervention; decommissioning; pipelay; pipeline survey and diver assisted intervention. diver assisted intervention. The Bergen-based DOF Subsea Group, recorded a turnover of NOK The Bergen-based DOF Subsea Group, recorded a turnover of NOK 6.579 billion in 2013, compared to 5.248 billion in 2012, attributing much 6.579 billion in 2013, compared to 5.248 billion in 2012, attributing much of its growth to its subsea project business, which saw revenues rise 32%. of its growth to its subsea project business, which saw revenues rise 32%. DOF?s EBITDA also saw an increase over the same period, rising roughly DOF?s EBITDA also saw an increase over the same period, rising roughly 9 percent to NOK 1.945 billion in 2013 compared to 1.788 billion in 2012. 9 percent to NOK 1.945 billion in 2013 compared to 1.788 billion in 2012. The group?s backlog entering 2014 was NOK 34 billion. The group?s backlog entering 2014 was NOK 34 billion. DOF subsea workers stand on the deck facing the hull of a massive DOF Subsea offshore vessel. (Photo courtesy of DOF Subsea) MTR MTR 100 100July/August 2014 52 MTRMTR #6 (50-65).indd 52MTR #6 (50-65).indd 527/31/2014 2:33:52 PM7/31/2014 2:33:52 PM