The Group's revenue for 3rd quarter (management reporting) totals
Key information:
Operations:
** Average utilisation of the fleet 83% (71%)
** High utilisation in all segments
** Good performance from the subsea regions
** The total fleet includes 59 vessels (eight on management or hired in)
o 15 AHTS, 14 PSV and 30
o Two vessels agreed sold with delivery in 2022
o One vessel in lay-up
Finance:
** The dialogue with the lenders concerning a robust long-term financial solution has had progress during 3rd quarter. The discussions continue, and there are important issues pending, hence the outcome of the restructuring process is still uncertain.
** The current standstill agreements with the banks and bondholders mature on 30th November.
** DOF Subsea has during the quarter repaid a loan facility at a substantial discount.
Backlog
** Order intake
** Total backlog
Please see enclosed 3rd quarter Financial Report 2021.
Webcast is available Wednesday, 10th of November at 08:30 on www.dof.com.
Contact:
CEO Mons Aase, Tel + 47 91 66 10 12
CFO
With a multi-national workforce of about 3,800 personnel,
DOF's core businesses are vessel ownership, vessel management, project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the oil and gas sector. From PSV charter to
The company's main operation centers and business units are located in
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