DOF ASA

Regulatory Filings • Mar 29, 2022

DOF Subsea Atlantic contracts update

DOF Subsea is pleased to announce multiple new contracts within Renewables and Oil & Gas in the North Sea.

The projects, to be delivered in 2022, total more than 185 vessel days excluding any optional work.

Skandi Acergy, Skandi Constructor, Skandi Hera and selected third-party vessels will be utilised in the offshore execution phases.

All awards include project management, engineering, procurement and logistics – to be delivered by our integrated subsea expert teams across Bergen and Aberdeen.

Several of the awards are EPRD (Engineering, Preparation, Removal and Disposal) decommissioning contracts, and DOF Subsea is planning to deploy multiple vessels infield during the execution.

DOF Subsea has also received several new frame agreements. Within one frame agreement, DOF Subsea will deliver continuous survey services for a Renewables project in Taiwan throughout 2022. DOF Subsea has also received a frame agreement with a major North Sea Operator, unlocking access to DOF Subsea`s integrated services within IMR (Inspection, Maintenance and Repair), construction, SURF and decommissioning.

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.