DOF Subsea secures further contract awards in APAC region

23 Aug 2021 13:30 CEST

Company Name

DOF

ISIN

NO0010070063

Market

Oslo Børs

Symbol

DOF

DOF Subsea is pleased to announce multiple contract awards in the Asia Pacific
region providing significant utilisation for resources and vessels in Q3 and Q4
2021 and securing solid backlog into the first half of 2022.

Onshore works are underway for several offshore campaigns that will utilise the
CSV Skandi Hercules and the onshore and offshore teams from Q3 2021 into Q1
2022.  The first campaign will support maintenance activities at an offshore
facility in the Timor Sea for a short duration.  Following this, the vessel and
team will be deployed on several construction and pre-commissioning support
campaigns off the Northern Australian coast.

Onshore works are also underway for several offshore campaigns that will utilise
the DSV Skandi Singapore in saturation diving mode in the region during 2022.

A further key contract award will utilise high specification vessel and related
subsea services to undertake a significant pre-commissioning and commissioning
support campaign off the Northern Australian coast.  This campaign is expected
to commence in Q1 2022 with onshore preparation activities underway.

Collectively, these contract awards secure in excess of 8 months vessel
utilisation and include the provision of project management, engineering and all
associated fabrication (subcontracted), subsea and marine services.

Mons S. Aase, CEO, DOF Subsea said, "I am very pleased to announce these
contract awards in the APAC region that build on our reputation as a trusted
provider for integrated subsea operations across multiple disciplines.  We look
forward to working with our clients to deliver safe and efficient projects."

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 3,150 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.


Source

DOF ASA

Provider

Oslo Børs Newspoint