DOF ASA

Regulatory Filings • Nov 7, 2019

DOF Subsea awarded contracts in Trinidad and GoM

DOF Subsea is pleased to announce multiple contract awards from undisclosed clients in two important growing regions, Trinidad and US GoM.

Skandi Neptune has been awarded a 3-year frame agreement for IMR and light construction services with a major operator in Trinidad. She will commence operation in Trinidad late November for the 1 st offshore inspection campaign.

The Group have also secured several shorter contracts in the GoM to support IMR, subsea installation and decommissioning operations, securing good utilisation in the 4 th quarter for Harvey Deep Sea.

Moreover, Geosea has been awarded a 21-day contract commencing in late November in the GoM.

In a statement Mons Aase, CEO DOF Subsea, said, "This is important awards for us, securing good utilisation for our ships in the NorthAmerica Region, in addition to creating a strong basis for future work in Trinidad and the GoM."

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.