DOF ASA — M&A Activity 2019

Jun 7, 2019

Extension contract in Brazil

Extension contract in Brazil

Norskan has been granted a 1-year extension for the Skandi Hav with Petrobras

applicable from June 2019. Skandi Hav completed a conversion in 2009 and since

then operated as a field support vessel for Petrobras.

DOF ASA CEO, Mons S. Aase, said "We are pleased with this contract which further

confirms our strong market position in Brazil".

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, Egypt, Angola, and Australia.

DOF ASA is listed on the Oslo Exchange since 1997.