DOF Group extension and award of multiple contracts with Petrobras

DOF Group extension and award of multiple contracts with Petrobras

22 Aug 2022 09:00 CEST

DOF is pleased to announce that Petrobras has extended the contracts and awarded
new long-term charter and service contracts to Norskan Offshore Ltda. and DOF
Subsea Brasil Servicos Ltda. for the vessels; Skandi Chieftain, Skandi Olympia
and Skandi Commander. All contracts include vessels and ROVs and are for a
period of three years.

The contracts on Skandi Chieftain and Skandi Olympia have been extended until
end of 2022 and both vessels will thereafter commence the new 3-year contracts.

The contract for Skandi Commander has been extended until November 2022, and the
vessel will then be utilised on the PIDF project for DOF Subsea Brasil on their
current contract with Petrobras until August 2023. Thereafter the vessel will
commence its 3-year contract, combining ROV and AUV capabilities.

The gross value of the extensions and the firm period of the new contracts
exceeds USD 253 million. All three new contracts have 2-year optional
extensions.

Mons S Aase, CEO, DOF said: "I am very excited about these new IMR contracts
with Petrobras. Together with the already announced extension of the PIDF
project, these awards underpin our position as market leader within IMR in
Brazil. I am also very happy to see that the Skandi Commander will mobilize an
AUV for the duration of the contract".

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 3,800 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 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 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.

More information:
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569245_Release.pdf

Source

DOF ASA

Provider

Oslo Børs Newspoint