DOF ASA

Contract awards DOF Subsea

DOF Subsea is pleased to inform that a key Renewables Client has awarded an

extension to an ongoing subsea Construction contract in the North Sea.

In direct continuation of the ongoing project, Skandi Acergy shall be further

utilized up to 169 vessel days.

The contract extension includes project management, engineering and range of

bespoke equipment and services tailored towards the Renewables segment. The

project shall be delivered by an integrated DOF Subsea team located in Aberdeen,

Scotland.

DOF Subsea has also been awarded a new project in Trinidad & Tobago for the

vessel Skandi Constructor. The project will commence in early January with an

estimated duration of approximately 40 days plus mobilization and

demobilization. The vessel, already in Trinidad after completion of a light

construction 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.

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