DOF ASA

Regulatory Filings • Sep 17, 2020

DOF Subsea secures Integrated FSV Contract in Africa

DOF Subsea secures Integrated FSV Contract in Africa

DOF Subsea has been awarded an integrated Field Support Vessel (FSV) contract

with an international oil company in Angola. The project shall utilise Skandi

Seven for a minimum of 303 firm vessel days plus 365 days of options. The

Contract also includes the potential supply of additional vessels, as required

by client.

DOF Subsea shall during the project deliver integrated FSV services, project

management, engineering, procurement and logistics within deep-water

construction and maintenance of existing subsea assets.

Work packages under the contract shall also include services for transportation

and installation of flexible products and various subsea equipment.

Mons S. Aase, CEO, DOF Subsea said, "I am pleased that DOF Subsea is trusted

with another contract in Angola. This project will secure utilisation for our

integrated FSV team and assets, strengthening our position as a leading one-stop

solutions provider for integrated subsea operations across multiple disciplines.

DOF Subsea is continuously working to develop efficient services 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 3,150 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.