STX OSV Secures Contract For One Offshore Subsea
Construction Vessel For DOF Subsea

Singapore, 14 February, 2013

STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured a new contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for DOF Subsea. The vessel will be of OSCV 12 design, developed by STX OSV in Ålesund, Norway. It will have a total length of approximately 161 meters and a beam of 32 meters. Delivery is scheduled from STX OSV Søviknes in 1Q 2015. The hull will be delivered from STX OSV Tulcea in Romania.

The DOF Subsea Group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services. DOF Subsea owns a large fleet of modern subsea construction, intervention and survey vessels. The Group’s core business is project management, engineering, vessel operations, survey, remote intervention and diving operations primarily for the Oil and Gas, Marine Telecommunications and Renewables markets.


Image by STX OSV

About STX OSV
STX OSV Holdings Limited (“STX OSV”), together with its subsidiaries, is one of the major global designers and shipbuilders of offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries. Headquartered in Norway and with approximately 9,000 employees, STX OSV operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam.

STX OSV’s long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The company’s expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers.

STX OSV was listed on the Main Board of Singapore Exchange (SGX) on 12 November 2010. On 23 January 2013, Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of Fincantieri – Cantieri Navali Italiani S.p.A., acquired 50.75% of the shares in STX OSV from former majority shareholder STX Europe. Headquartered in Trieste, Italy, Fincantieri is one of the world’s largest shipbuilding groups and has, over its 200 years of maritime history, built more than 7,000 vessels. For further information: www.fincantieri.com, www.stxosv.com

STX OSV Holdings Limited, press release