DOF Subsea Awarded Long-term IMR Frame Agreement by Equinor
Thursday 17 May 2018
DOF Subsea has been awarded an Inspection, Maintenance and Repair ("IMR") Frame Agreement by Equinor. The duration of the contract is 5 years and commences in 2019. During the course of the Frame Agreement, Equinor will call off subsea IMR services as required.
DOF Subsea at the end of the Q1 2018 reported firm contract backlog of NOK 15.3 billion and recognized quarterly profit of NOK 180 million, bouncing back from NOK 124 million loss same time last year.
During the Q2 2018, the company reported several new deals, including Asia Pacific, West Africa, North Sea and Americas.