DOF Subsea contract extension with Petrobras

DOF Subsea contract extension with Petrobras

21 Jun 2022 15:00 CEST

DOF Subsea is proud to announce the extension of the four PIDF Contracts with
Petrobras.

These extensions will demand a fleet of at least 3 vessels operating for 18
months, to the end of 2023 and in direct continuation to the original schedule
performing flexible pipelines, risers and subsea equipment inspection in Campos
Basin, Santos Basin, Marlin Field and Espírito Santos Basin. Inspections will be
evaluated and processed by the DOF Subsea Engineering team in Brazil that is
responsible for delivering technical reports regarding the conditions of the
subsea facilities in Brazil.

Adding more than USD 100 million in backlog, these contract extensions are
confirmation of DOF Subsea's safe and excellent delivery of the project,
reinforcing our relationship with Petrobras and our capacity to deliver on time
and within budget.

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:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen, 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:
Access the news on Oslo Bors NewsWeb site

565472_Release.pdf

Source

DOF ASA

Provider

Oslo Børs Newspoint