DOF ASA

Regulatory Filings • Dec 18, 2020

DOF Subsea awarded new contracts in Atlantic region

DOF Subsea awarded new contracts in Atlantic region

DOF Subsea has been awarded multiple new contracts for execution in the North

Sea, Mediterranean and Africa. Contracted work include a number of turnkey

subsea projects within our core service lines - Survey, Inspection, Maintenance

& Repair (IMR) and Construction.

The vessels Skandi Acergy, Skandi Skansen, Skandi Neptune and Skandi Seven shall

be utilized to deliver work totalling more than 180 vessel days excluding any

options. All works shall be carried out between 4[th] quarter 2020 to 2[nd]

quarter 2021.

All awards include Project Management, engineering, procurement and logistics

which shall be delivered by our integrated subsea team across Bergen, Aberdeen

and Luanda.

In the North Sea, DOF Subsea shall assist a key client with winter subsea

inspection programme at UK continental shelf, whilst supporting a leading

operator with start-up and commissioning activities for a subsea satellite

development in Norway.

In Angola, DOF Subsea shall carry out a greenfield AUV and ROV seabed mapping

campaign for an international client, prior to commencing a previously announced

contract.

DOF Subsea has mobilized Skandi Neptune from the North Sea for an undisclosed

international client in Africa, conducting FPSO class and field inspections

programme.

Mons S. Aase, CEO, DOF Subsea said "DOF Subsea continues to secure projects with

key oil & gas operators across North Sea, Mediterranean and Africa. These awards

secure continuous utilization of our regional pool of specialised subsea vessels

and integrated project teams."

For further information, please contact:

Mons S. Aase, CEO, DOF ASA. Tel: +47 91 66 10 12

Hilde Drønen, CFO DOF ASA. 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.