DOF Group

DOF Group ASA - Two contract awards in the APAC region

DOF Group ASA ("DOF") is pleased to announce the award of two contracts in the

APAC region.

The first is for a three-year frame agreement for the provision of subsea

inspection, maintenance and repair services with associated assets in the APAC

region. A call off under the contract has also been confirmed and will utilise

DSV Skandi Singapore and all related diver-less subsea services on a brownfield

tieback campaign scheduled to be conducted in H1 2026.

The second is for a hook-up campaign which will utilise MPSV Skandi Hercules

with the work also scheduled to be conducted in H1 2026.

Both contracts include the provision of DOF's full suite of in-house project

management, engineering, procurement and logistics support services. The

combined duration of the two offshore campaigns is estimated to be between 90

and 120 days. The combined value of the two contract is 'Substantial' which DOF

defines as contracts with a value of USD 25M - 50M.

Mons S. Aase, CEO DOF ASA, comments: "We look forward to delivering safe,

efficient, world class subsea and marine services, further enhancing our

reputation as a trusted partner in the APAC region".

Contact information:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone + 47 94 83 64 64

About DOF:

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea

services to the offshore energy industry. The company owns and operates a fleet

of modern offshore/subsea vessels which is combined with strong engineering

capabilities to provide integrated offshore services globally.

AI Terminal