June 19, 2013 11:30 AM ET

Energy Equipment and Services

Company Overview of DOF Subsea ASA

Company Overview

DOF Subsea AS, together with its subsidiaries, provides integrated project management and engineered subsea solutions to the offshore oil and gas industry worldwide. The company primarily engages in the vessel chartering, survey, subsea construction, and engineering; and survey and positioning, project management, and consultancy services. It offers subsea engineering services, including naval architecture, structural engineering, mechanical design and operations, and engineering across a range of applications; and engages in the design, development, and application of intervention tooling for both ROV and diver operations. The company also provides survey and positioning services comprising...

Detailed Description

Thormøhlensgate 53 C

Bergen,  5006

Norway

Founded in 2005

2,357 Employees

Phone:

47 55 25 22 00

Fax:

47 55 25 22 01

www.dofsubsea.com

Key Executives for DOF Subsea ASA

Chief Executive Officer and Director
Age: 46
Chief Financial Officer and Executive Vice President
Chief Operating Officer and General Manager of DOF Subsea - Norway
Executive Vice President of Asia Business Unit
Executive Vice President of Business Acquisition
Compensation as of Fiscal Year 2012.

DOF Subsea ASA Key Developments

DOF Subsea ASA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013
May 16 13

DOF Subsea ASA reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating income of NOK 1,225 million against NOK 1,223 million a year ago. Operating profit before depreciation NOK 329 million against NOK 411 million a year ago. Operating profit was NOK 134 million against NOK 244 million a year ago. Loss before tax was NOK 79 million against profit before tax of NOK 254 million a year ago. Loss for the period was NOK 75 million against profit for the period of NOK 213 million a year ago. Net cash used in operating activities was NOK 24 million against net cash from operating activities of NOK 36 million a year ago. Purchase of tangible assets was NOK 125 million against NOK 293 million a year ago.

DOF Subsea Group Wins Multiple New Contracts
May 16 13

DOF Subsea Group has secured multiple contract awards in the Asia Pacific region over the last couple of weeks, with a total contract value of about USD 50 million. The contracts will utilize the vessels Skandi Singapore, Skandi Hercules and Skandi Hawk.

DOF Subsea ASA to Report Fiscal Year 2012 Final Results on Apr 15, 2013
Apr 15 13

DOF Subsea ASA announced that they will report fiscal year 2012 final results on Apr 15, 2013

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
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