AKOFS OFFSHORE at a glance

AKOFS Offshore is a provider of vessel-based subsea well construction and intervention services to the oil and gas industry. The company has a highly competent and diverse organization, covering all phases from conceptual development to project execution and offshore operations.

The company operates three state-of-the-art vessels, the AKOFS Seafarer, the Skandi Santos and the Aker Wayfarer, which are designed to perform operations in up to 3,000 meters (9,800 feet) of water.

The AKOFS Seafarer is designed and equipped for riser-based deepwater well intervention operations. The Skandi Santos is a subsea installation vessel that is installing production equipment on fields in Brazil on a 5 + 5 year contract with Petrobras. The Aker Wayfarer has recently been upgraded to a subsea installation vessel commencing a 5 + 5 year contract for Petrobras in Brazil in 2017. The Skandi Santos began operatin in 2010, the Aker Wayfarer in 2011 and the AKOFS Seafarer in 2013.

The main markets are in Brazil, West Africa, the North Sea and the Gulf of Mexico.

AKOFS Offshore has the competence and equipment needed to provide superior deepwater oilfield services to leading oil and gas producers and subsea service providers around the globe. The company is positioned to benefit from growth in the well intervention market and increased demand for efficient installation of production equipment as oil and gas producers venture into increasingly deep waters.

In November 2016 AKOFS Offshore entered into a 50/50 joint venture with Mitsui O.S.K. Lines, Ltd  (MOL) and Mitsui & Co., Ltd. (Mitsui) to create Avium Subsea AS.

Avium Subsea AS has acquired the high-end subsea vessel Skandi Santos, which is on hire and operated by AKOFS Offshore on contract to Brazil's national oil company, Petrobras.