DOF ASA

DOF Subsea awarded multiple contracts by Petrobras

DOF Subsea is proud to announce four new contracts with Petrobras.

The contracts include work within our core service lines for Survey and

Inspection. At least three vessels from the DOF fleet shall be mobilised to

perform flexible pipeline, risers and subsea equipment inspection in Campos

Basin, Santos Basin, Marlin Field and Espírito Santos Basin.

The contracts are worth more than USD 110 million with planned commencement in

Q4 2020 and estimated to be performed within 550 days.

Mons S Aase, CEO, DOF Subsea said, "I am very pleased for these awards securing

utilisation for our personnel and our assets and adding important back log to

the Group. It further strengthens our leading position in Brazil within IMR and

confirms our long relationship with Petrobras."

DOF Subsea is dedicated to deliver safe and efficient subsea solutions.

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.

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