DOF ASA

Regulatory Filings • Oct 21, 2022

DOF Subsea awarded MPSV Contracts in Guyana

DOF Subsea awarded MPSV Contracts in Guyana

DOF Subsea is pleased to announce the award of a 3-year contract for two vessels

with Esso Exploration & Production Guyana Limited. Under the agreement, DOF

Subsea will perform IMR, well intervention support, and light subsea

construction activities to support the growing subsea infrastructures in the

Stabroek Block offshore Guyana.

Two Multipurpose Support Construction Vessels with 250-ton AHC crane and 2 work

class ROV systems will be deployed in Guyana for 3-year terms, plus 2 years

options.

The first vessel will mobilize in late October while the second vessel is

planned to commence in January 2023.

Mons S Aase, CEO, DOF Subsea said, "I am extremely happy with this contract

award from ExxonMobil Guyana, and entering the important and flourishing

Guyanese market. The award further underlines DOF's leading position in the IMR

segment."

The estimated firm backlog for the group is approximately NOK 2.7 billion.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen, 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.