DOF ASA — M&A Activity 2015

Mar 6, 2015

Extension contract DOF Subsea - PSV contract for DOF

Extension contract DOF Subsea - PSV contract for DOF

Chevron Brasil (Chevron) has extended the contract for Skandi Salvador and IRM

services for the remainder of 2015. The extension is a direct continuation of

the current contract.

The vessel has been operating for Chevron on the Frade oil field since delivery

of the vessel in 2009.

DOF has been awarded a 120 days contract + 60 days option with Sigurd Ross for

Skandi Stord. The contract with commencement in April 2015.

For further information, please contact:

Mons S. Aase, CEO, DOF ASA. Tel: +47 91 66 10 12

Hilde Drønen, CFO, DOF ASA, Tel: + 47 91 66 10 09

With a multi-national workforce in excess of 5,000 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 30 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, Argentine, Egypt, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.