This extension marks a continued collaboration that has been in place since the initiation of the agreement in 1998.

The decision, announced on December 13, 2023, follows a series of recent successes and contracts secured by DOF Group across various regions.

The contract, granted by OceanInstaller on behalf of Vår Energi, involves the first phase of engineering, planning, design, fabrication, and commissioning of a new diver launch and recovery system.

The vessels are scheduled for delivery by the end of Q1 2024.

The FPSO, located in the Anasuria cluster, is overseen by the Anasuria Operating Company (AOC), a jointly-controlled entity by Ping Petroleum and Hibiscus Petroleum's Anasuria Hibiscus UK.

Operating under the joint venture Caspian Integrated Maritime Solutions (CIMS), the vessels represent a combined investment of $35 million and are tailored for the Caspian's shallow draft, meeting international oil companies' requirements.

Initially reported as targeted and boarded, the tanker's 22 crew members are confirmed to be safe and unharmed.

Siem Helix 1 and Siem Helix 2, both constructed in 2016, boast dimensions of 158 meters in length, 31 meters in beam, and an accommodation capacity for 150 individuals.

Currently operational in the Golfinho field offshore Brazil, the FPSO is contributing around 10,000 barrels per day of oil production.

The value of the options amounts to approximately $138 million, excluding integrated services, performance incentives, and fuel.