DOF ASA

Regulatory Filings • Sep 30, 2022

DOF SUBSEA awarded multiple contracts in the Gulf of Mexico

DOF SUBSEA awarded multiple contracts in the Gulf of Mexico

DOF Subsea USA is pleased to announce the award of multiple contracts in the

Gulf of Mexico.

The region has received a contract award for the provision of services to a

major operator in the Gulf of Mexico, commencing in Q4, 2022. Jones Act

Compliant vessel(s) operated by DOF Subsea will be utilized for an estimated 180

days over a one-year term, undertaking a range of activities including light

construction, IMR and commissioning support at multiple field locations.

The region is also awarded a contract for provision of ROV support services for

offshore pre-commissioning and commissioning activities for an oil and natural

gas development project to a major operator in the Gulf of Mexico, commencing in

Q2 2023. The services will be provided utilizing one of the Jones Act compliant

vessels operated by DOF Subsea.

The backlog estimate from these awards for the North America region is

approximately NOK 300 million.

Mons Aase, CEO DOF Subsea AS, said, I'm very pleased with our North America

region winning key projects with leading Oil and Gas operators in the US market,

securing strong backlog for 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 3,800 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.