DOF ASA

DOF Subsea awarded contracts Australia

DOF Subsea is pleased to announce several contract-awards in the APAC region,

securing further vessel and resource utilisation in Q1 and first part of Q2

The contracts, for undisclosed clients in Australia, will see Skandi Singapore

commence subsea project operations during Q1 2020 for two major operators in the

region over a period of 50-60 days.

In a statement Mons Aase, CEO of DOF Subsea, said, "These are important awards

for DOF Subsea and continue to build backlog from previous reported wins in Q1

2020, all of which secure good utilisation for our vessel and resources in the

Asia Pacific Region. We look forward to working with our key clients to deliver

safe and successful projects."

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 3,500 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.

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