DOF Group — M&A Activity 2023

Dec 14, 2023

DOF Group signed Jones Act Compliant Charter for GoM Operation

DOF Group signed Jones Act Compliant Charter for GoM Operation

DOF Group is pleased to announce the chartering of the Connor Bordelon to

support the North America operation in the US Gulf of Mexico for 1-year term

with a 1-year option.

The Time charter will commence in March 2024 when DOF will mobilize 2 Heavy-work

class ROVs and survey as part of the integrated spread to ensure client coverage

between the end of the charter of the Ross Candies in February 2024 and the

start of charter of Cade Candies in 2025.  The Connor Bordelon is an USA 78m DP

II vessel with a 60ton AHC Crane capable to reach 3,000m water depth, 60

accommodation, Helideck and 572m[2] open deck.

"The combination of the vessel capability and terms, the Jones Act Compliance

and its low fuel consumption, makes of the Connor Bordelon one of the most cost

cost-effective IMR and light Construction vessel in the GoM for the next 2-years

offered in combination with the capabilities of the Cade Candies" Marco

Sclocchi, EVP North America explains.

Mons Aase, DOF's Group CEO added "We believe that DOF's sustainable presence in

the GoM is a key part of the Group global strategy for integrated offshore

services and we welcome Bordelon Marine as key partner together with Otto

Candies for our Jones Act Complaint operation".

For further information, please contact:

Martin Lundberg, SVP Finance and Investor Relations DOF Group ASA

Phone: + +47 916 21 057

E-mail: martin.lundberg@dof.com

About DOF Group ASA

With a multi-national workforce of about 4,000 personnel, DOF Group 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 40 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, 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.