DOF ASA

Regulatory Filings • Aug 22, 2022

DOF Group extension and award of multiple contracts with Petrobras

DOF Group extension and award of multiple contracts with Petrobras

DOF is pleased to announce that Petrobras has extended the contracts and awarded

new long-term charter and service contracts to Norskan Offshore Ltda. and DOF

Subsea Brasil Servicos Ltda. for the vessels; Skandi Chieftain, Skandi Olympia

and Skandi Commander. All contracts include vessels and ROVs and are for a

period of three years.

The contracts on Skandi Chieftain and Skandi Olympia have been extended until

end of 2022 and both vessels will thereafter commence the new 3-year contracts.

The contract for Skandi Commander has been extended until November 2022, and the

vessel will then be utilised on the PIDF project for DOF Subsea Brasil on their

current contract with Petrobras until August 2023. Thereafter the vessel will

commence its 3-year contract, combining ROV and AUV capabilities.

The gross value of the extensions and the firm period of the new contracts

exceeds USD 253 million. All three new contracts have 2-year optional

extensions.

Mons S Aase, CEO, DOF said: "I am very excited about these new IMR contracts

with Petrobras. Together with the already announced extension of the PIDF

project, these awards underpin our position as market leader within IMR in

Brazil. I am also very happy to see that the Skandi Commander will mobilize an

AUV for the duration of the contract".

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.