DOF Group Announces CSV Contract Award and Extension

© DOF Group

DOF Group ASA announced a 7-year contract for one of its smaller construction support vessels (CSV) including ROV services. The contract adds approximately $110 million to DOF’s backlog.

Furthermore, DOF announced that the CSV Skandi Constructor has had an extension option declared. The contract is now firm until April 2028. The value of the extension period is Substantial*. 

*DOF defines a Substantial contract as a contract with value between USD 25 million and USD 50 million.