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Reference is made to press release dated 27 September 2022 on the contract awarded by Petrofac in Australia to DDW Offshore AS (“DDW Offshore”) in respect of the vessel Skandi Atlantic. Petrofac has now awarded DDW Offshore a 9-month extension of the existing contract in Australia whereby Skandi Emerald will replace Skandi Atlantic in March […]

DDW Offshore AS (“DDW Offshore”) has completed a USD 31 million refinancing under terms agreed with EnTrust Global’s Blue Ocean Funds as lenders. The new loan agreement matures in September 2026 and is guaranteed by Akastor. The funds have been or will be used for the following purposes: Following these transactions, DDW Offshore holds full

In direct continuation of the existing contract with Petrofac announced in September 2022, DDW Offshore AS has been awarded a 4 month extension for the AHTS vessel Skandi Atlantic.  The AHTS will therefore continue supporting the disconnection of the FPSO “Northern Endeavour” together with towing and well isolations work in the Laminaria Corallina oil fields in

Reference is made to the stock exchange announcement on 18 March 2021 by Akastor ASA (OSE: AKAST, “Akastor”) regarding the two AHTS vessels Skandi Saigon and Skandi Pacific, which are owned by Akastor’s subsidiary DDW Offshore AS (“DDW Offshore”) and contracted out to OceanPact Servicos Maritimos S.A. (“OceanPact”) under a bareboat agreement with a purchase

DDW Offshore AS has been awarded a firm 1 year contract by Petrofac for the AHTS vessel Skandi Atlantic.  The AHTS will support the disconnection of the FPSO “Northern Endeavour” together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea. The contract start date is as from today,

DDW Offshore AS has been awarded a contract of approximately 1 year plus options by OMV New Zealand for the AHTS vessel Skandi Emerald. The AHTS will support the Maui B IRF 3 offshore projects and the Valaris Gorilla VII jack up drilling unit. The vessel is to undergo its 10-year SPS before starting its

Akastor ASA’s (OSE: AKAST) wholly owned subsidiary, DDW Offshore AS (DDW Offshore), has entered into bareboat charter agreements with OceanPact Servicos Maritimos S.A. (“OceanPact”), a Brazilian subsea and logistic company, for the two AHTS vessels Skandi Saigon and Skandi Pacific for a period of 26 months. As part of the agreements, forward sale of the

Reference is made to the stock exchange release dated 27 August 2020 regarding the restructuring of DDW Offshore AS (previously named DOF Deepwater AS). Final agreements consistent with the key principles set out in the release have been entered into by all parties. Effective from 9 October 2020, Akastor AS owns all shares in DDW Offshore

DOF Deepwater AS (“DOF Deepwater”), which is jointly controlled by Akastor and DOF ASA (“DOF”) and which has been part of Akastor’s legacy portfolio since the demerger from Aker Solutions in 2014, has today entered into a term sheet with its lenders on a restructuring of its debt that secures continued operations up to second