DOF ASA

DOF Subsea awarded SURF contract for the Skandi Constructor

DOF Subsea Canada is pleased to announce the award of the first SURF project for

the Skandi Constructor from VAALCO ENERGY. DOF Subsea will perform subsea

construction and installation services to support the subsea reconfiguration

associated with the replacement of the existing Floating Production, Storage and

Offloading unit ("FPSO") with a Floating Storage and Offloading vessel ("FSO")

at the Etame field, offshore Gabon. Engineering and design work has commenced

with subsea work forecasted to begin in July and expected to be completed by

September 2022.

The Skandi Constructor was upgraded in 2021 with a 250 ton AHC crane and

outfitted with 2 new XLXc ROV system and is currently working in Trinidad under

multiple contracts managed by DOF Subsea USA performing commissioning and IMR

tasks before returning to the North Sea for other commitment in Q2.

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.

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