History

DOF Subsea AS is a part of one of the world’s leading and most experienced subsea companies with a track record in the oil and gas industry extending back to the beginning of the 1980’s. 

The company was established in May 2005 as parent, DOF ASA acquired GEO Group AS and its subsidiary Geoconsult AS. Listed on the Oslo Stock Exchange, as Geo ASA and later renamed DOF Subsea, the group went on to establish a dedicated capability in all the major oil and gas production areas around the world. Starting from a fleet of 10 Vessels Iand securing an extensive asset base comprising high specification vessels and subsea equipment the fleet has doubled. 

In 2008 DOF Subsea delisted from the Oslo Stock Exchange as a new shareholding structure was established. DOF Subsea is owned by DOF AS (51%) and First Reserve Corporation.

First Reserve Corporation (FRC) is a leading energy-focused private equity firm, with a history of over 25 years investing in the energy industry. The Company’s corporate headquarters is in Bergen, Norway.