DOF ASA

Business and Financial Review • Sep 14, 2021

New contracts in Brazil

New contracts in Brazil

DOF ASA's Brazilian subsidiary Norskan has been awarded a new long-term contract

and extended another one with Petrobras

Skandi Botafogo, (AHTS 180 t BP) has been awarded a 3-year contract with

Petrobras to operate as AHTS with startup in 4[th] quarter 2021 and 500 optional

days to be mutually agreed.

Skandi Amazonas, (AHTS 21,000) has been awarded a 1-year extension on a contract

with Petrobras until September 2022.

Mons S. Aase, CEO, DOF ASA said, "I am very pleased to announce these contract

awards which again confirm the DOF Group strong position in Brazil. With the

above contracts the total order intake in Brazil represent a value of approx.

NOK 2,15 billion so far in 3[rd] quarter.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen 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.