DOF ASA

Contract awards DOF Group

The DOF Group is pleased to announce extension of a contract in Brazil and new

contracts in West-Africa and in the North Sea.

Petrobras has awarded an extension of the Skandi Amazonas contract with Norskan

Offshore Ltda until March 2023. Skandi Amazonas is a 21.000 class Brazilian

flagged AHTS vessel.

DOF Subsea has have been awarded a contract to support a FPU for a major

operator in West-Africa. The Group will utilise the vessels Skandi Constructor,

Skandi Iceman and Skandi Hera, and one third-party vessel.

Skandi Captain has secured a contract with a client to support drilling

operations in the Dutch sector of the North Sea. The charter will commence

within November 2022 and is expected to provide 100 days of vessel utilisation.

The estimated firm backlog for these contracts is approximately NOK 260 million.

Mons Aase CEO DOF Group said," I'm very pleased with these awards that on top of

an already high order intake, secures good utilisation for the Group in Q4 and

into Q1 2023".

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.

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