DOF Group - M&A Activity 2024 | FinancialReports.eu

DOF Group ASA - Contract Award and Contract Extension in APAC

DOF is pleased to announce a contract award and a contract extension securing

further backlog for the APAC region.

The latest contract secured for the region will utilise Skandi Hercules and see

the vessel fully utilised off the Australian coast into Q3?2024. The contracted

scope includes project management and engineering, logistics support and

execution of various inspection, maintenance, and repair (IMR) activities.

In addition, a contract extension has been secured for Skandi Singapore with the

vessel fully committed through Q3?2024 with further options available into

Q1?2025.

The combined value is in excess of USD 20 million for the firm part.

Mons Aase, CEO DOF Group ASA, said: "I am very pleased with these awards

bringing the APAC region close to full utilisation for first half 2024 at

improved rates and margins."

For further information, please contact:

Martin Lundberg, SVP Finance, and Investor Relations DOF Group ASA

Phone: +47 91 62 10 57

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, 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 centres and business units are in Norway, the UK, the USA, Singapore,

Brazil, Argentina, Canada, Angola, and Australia.

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