DOF ASA

Capital/Financing Update • Mar 23, 2022

Woodside Energy awards DOF Subsea Enfield XT Retrieval and Offshore Support Services Contract.

Woodside Energy awards DOF Subsea Enfield XT Retrieval and Offshore Support Services Contract.

DOF Subsea Australia is pleased to announce it has been awarded Woodside Energy

Limited's Enfield XT Retrieval and Offshore Support Services.

The campaign execution will involve the recovery of 18 Subsea XTrees,18

Flowbases and associated spool sections, one wellhead severance and recovery of

up to 18 Temporary Guide Bases at the Enfield Field, Australia.

The contract includes Project Management, Engineering, Fabrication, and

decommissioning Services and is expected to be undertaken in Q3 and Q4 2022,

using DOF Subsea's MPSV Skandi Hercules.

Mons Aase, CEO DOF Subsea AS, said, "This is a substantial contract award. It

builds on successful campaigns delivered in the past for our client and grows

our decommissioning track-record in the APAC region. We look forward to working

with Woodside Energy Limited to deliver a safe and efficient project".

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.