DOF ASA

M&A Activity • Nov 18, 2019

DOF - New contracts

DOF - New contracts

DOF (UK) Limited has been awarded a contract for up to six months work for the

Skandi Barra by an undisclosed client. Commencement is planned for late November

DOF is further pleased to announce multiple vessel contract awards with major

key Client in the Mediterranean Sea. The Group has secured utilisation of two

large pipe carriers (PSVs) and one high specification AHTS for respectively a

minimum 60 and 75 firm days plus options.

The vessels will mobilise from other regions within primo December 2019.

DOF ASA CEO, Mons S. Aase, said "DOF is delighted to further strengthen the

relation with two of our key clients and to secure firm work during winter

season."

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.