DOF ASA — M&A Activity 2018

Apr 5, 2018

Contract awards DOF Rederi

Contract awards DOF Rederi

The Skandi Foula has been awarded a 60-days contract commencing May / June

supporting a drilling campaign for a UK based operator.

The Skandi Rona has been awarded a contract commencing in April supporting a

drilling campaign for 2 wells of around 120 days for a UK based operator. The

contract may be extended up to 15 months with agreed options.

The Skandi Feistein has been awarded contracts with two UK operators for

drilling support for 4 wells of around 180 days commencing in April. The

contract may be extended for up to 5 more wells with agreed options.

DOF and Nexen have entered into a Frame Agreement for Anchor Handling vessels to

support pre-lay and hook up operations of the COSL Pioneer. The Frame Agreement

is for a period of 18 months and include utilising 4-6 vessels.

The Skandi Saigon is called out for a 45-days job in the Mediterranean under an

existing Frame Agreement with Saipem with start up in April.

For further information, please contact:

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

CFO Hilde Drønen, +47 91 66 10 09

With a multi-national workforce of about 4,000 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 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, Egypt, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.