DOF ASA

Earnings Release • Jan 25, 2023

AHTS contract in Brazil

AHTS contract in Brazil

DOF is pleased to announce that Petrobras has awarded a new long-term charter

contract to Norskan Offshore Ltda. for an AHTS to operate as AHTS-TS or TO.

Skandi Ipanema has been contracted for 4 years firm + 1 year option with

Petrobras.

The gross value of the contract that is planned to start up to 3[rd] quarter

2023 is approx. USD 51 million.

CEO Mons S. Aase said, I'm very pleased with this award adding more backlog for

our AHTS fleet in Brazil and look forward to deliver high quality services to

Petrobras.

For further information, please contact:

Mons S. Aase, CEO Tel: +47 91 66 10 12

Hilde Drønen, CFO Tel: +47 91 66 10 09

With a multi-national workforce of about 3,900 personnel, DOF ASA is an

international group of companies which owns and operates a fleet of modern

offshore/subsea vessels, and engineering capacity to service both the offshore

and subsea market. With 40 years in the offshore business, the group has a

strong position in terms of experience, innovation, product range, technology

and capacity.

DOF's core businesses are vessel ownership, vessel management, project

management, engineering, vessel operations, survey, remote intervention and

diving operations primarily for the oil and gas sector. From PSV charter to

Subsea engineering, DOF offers a full spectrum of top quality offshore services

to facilitate an ever-growing and demanding industry.

The company's main operation centers and business units are located in Norway,

the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.