DOF ASA

M&A Activity • Sep 1, 2020

DOF Subsea awarded contract in the Atlantic region

DOF Subsea awarded contract in the Atlantic region

DOF Subsea has been awarded a turnkey contract performing marine operations in

connection with a decommissioning project by Teekay Petrojarl Floating

Production.

The award covers project management, engineering, procurement and all offshore

marine operations. The offshore works include preparatory works at the sites

including installation of a temporary mooring system, towing operations and

recovery of risers and mooring systems.

DOF Subsea will utilize a variety of vessels from the DOF Group fleet, deploying

Skandi Acergy, Skandi Iceman, Skandi Hera in addition to selected third party

vessels to deliver the scope. The project has already commenced and is scheduled

to be completed within Q4 2020.

Mons S Aase, CEO, DOF Subsea said: "DOF Subsea is pleased to be trusted with

this multidisciplinary decommissioning scope by a repeat key client. This

project will utilize the strength in our offering to the fullest with our

decommissioning team parred with capable offshore vessels. DOF Subsea is

continuously working to develop efficient solutions and to deliver as promised

without compromise to safety.

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.