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DOF Bags Offshore Vessel Replacement Contract from TotalEnergies

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DOF Group (DOFG.OL) secured an award from energy giant TotalEnergies (TTE.PA, TTE.L) for a subsea construction, mooring and disconnection of an existing floating storage vessel, as well as a connection of a replacement FSO.

The offshore and subsea services company will provide engineering and transportation services along with the installation of mooring systems, as well as the associated subsea construction activities, according to a Wednesday release. The contract's value was undisclosed but sits between $50 million and $100 million.

Project management and engineering activities will begin immediately. Offshore execution is planned for the fourth quarter of 2027 and the first quarter of 2028.

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