DOF ASA

Regulatory Filings • Jun 16, 2020

Contract awards in Brazil

Contract awards in Brazil

The DOF Group is pleased to announce several contract awards for its fleet in

Brazil for

Petróleo Brasileiro S.A. ("Petrobras") supporting Petrobras' exploration and

production activities on the Brazilian continental shelf. The vessels are owned

and operated by Norskan and DOF Subsea Brasil will be responsible for the ROV

operations on the vessels. Both companies are 100 % owned subsidiaries of DOF

ASA.

Skandi Urca and Skandi Fluminense have been awarded 2+2 year contracts with

commencement in September 2020 and Skandi Paraty has been awarded a one-year

contract that commenced at the beginning of June. All vessels are Brazilian

built AHTS vessels and all equipped with Work Class ROV's for operations down to

3.000m water depth.

Mons Aase, CEO in DOF Group, states that he is very pleased with the contract

awards, which confirm the DOF Group's strong position in the South America

region

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.