DOF ASA

Earnings Release • Feb 20, 2020

DOF Subsea awarded contracts in Africa

DOF Subsea awarded contracts in Africa

DOF Subsea is pleased to announce two contract-awards for international clients

in Africa, securing further vessel and resource utilisation in Q1 and first part

of Q2 2020.

The first contract is for seismic nodes installation in Nigeria for an

undisclosed client. The work will be executed from the CSV Geosund.

The second contract is an extension to existing contract with a major operator

in Angola to support a variety of subsea activities.  For this project, the

company will deploy the CSV Skandi Seven which has already been operating for

the client in Angola for some time.

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 3,500 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 over 35 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.