DOF ASA

Regulatory Filings • Oct 31, 2019

DOF Subsea contract for Hywind Tampen is a strategic breakthrough

DOF Subsea contract for Hywind Tampen is a strategic breakthrough

DOF Subsea signs today a contract with Kværner to collaborate and deliver Marine

Operations for Equinor`s Hywind Tampen Project. The contract shall be executed

in a 50/50 partnership (joint venture) with Kværner.

"Hywind Tampen will be the world's largest floating offshore wind farm and is

vital for industrialising solutions and reducing costs for future offshore wind

power projects. The deep-water floating renewables market is on the verge of

commercialization, and therefore this contract has strategic importance to DOF

Subsea" says Mons Aase, CEO in DOF Subsea.

The Hywind Tampen project will be installed offshore Norway, west of the city

Bergen and will supply electrical power to the nearby oil and gas platforms

Gullfaks A, B, C and Snorre A and B. The combined effect from the 11 turbines

will be 88 megawatts and will replace about 35 percent of the five platforms'

energy demand. Today, the energy required to run these platforms is supplied by

gas turbines.

The project will reduce Norwegian CO\2\ emissions with more than

200?000 tonnes per year, which is equivalent to the emissions from 100?000 cars.

In addition, analysis confirm that the hulls made of concrete have a favourable

CO\2\ footprint compared to several other solutions. Hywind Tampen will also be

leveraged to further reduce the CO\2 \footprint in future projects.

DOF Subsea and Kværner has entered into a 50/50 joint venture to deliver Hywind

Tampen marine operations. The scope includes full project management,

engineering, assembly site management, mooring system installation, units tow-to

-field and installation of the floating wind turbine units at the Tampen area.

Several state-of-the-art construction vessels will be deployed from DOF Subsea

during project phases, including the 2011 built Skandi Skansen. The vessels,

together with a competent onshore and offshore organisation, shall ensure a safe

and efficient delivery of  Hywind Tampen marine operations project.

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.