The Group's revenue for 4th quarter (management reporting) totals
The Group's revenue in 2021 (management reporting) totals
Key information:
Operations
** Average utilisation of the fleet is 82% (68%)
** High utilisation in all segments, but with seasonal variations in some of the regions
** A good performance from the subsea regions has continued in the quarter
** The total fleet includes 59 vessels (eight vessels on management or hired in)
o 15 AHTSs, 14 PSVs and 30
o Two (owned) vessels in lay-up
o Two vessels agreed sold (one vessel delivered in
Finance:
** The Group's financial position is not sustainable, and a long-term financial solution is necessary to continue as going concern.
** The dialogue with the lenders concerning a robust long-term financial solution has had progress through the quarter and year to date. There are certain issues pending, hence the outcome of the restructuring process is still uncertain.
** The current standstill agreements with the lenders and bondholders mature on the 28th of
Backlog
** Order intake
** Current backlog is
Please see enclosed 4th quarter Financial Report 2021.
Webcast is available Friday, 25th of February 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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