DOF Group awarded long-term contract for IMR services by Equinor

04 Jun 2024 12:45 CEST

DOF has been awarded a Very Large contract by Equinor for the delivery of
Inspection, Maintenance and Repair (IMR) services for a duration up to 3 years
firm + 3 annual options.

The work includes subsea operations covering IMR activities throughout Equinor's
assets on the Norwegian Continental Shelf. DOF shall also deliver its full suite
of project management, engineering, procurement and logistical solutions.

DOF shall deploy the purpose-built IMR vessel M/V REM Inspector, which shall be
equipped with DOF's MHS (Module Handling System) and 3 ROVs (Remotely Operated
Vehicle). Offshore startup is tentatively planned to April 2025.

Mons S. Aase stated: "We are extremely proud to have secured a contract from
Equinor to provide IMR activities. This is a substantial and important contract
win for DOF, and a testament to the expertise, experience and capability of our
team. We look forward to contributing to the success of Equinor, and working
together in the years to come".

Project preparations have already started, and DOF shall run the project from
its Bergen, Norway office.

For further information, please contact:

Mons S. Aase, CEO, DOF Group ASA. Tel: +47 91 66 10 12

Hilde Drønen, CFO, DOF Group ASA. Tel: +47 91 66 10 09

DOF Group defines a Very Large Contract as a contract with value between USD 100
million to USD 200 million.

About DOF Group ASA:
With a multi-national workforce of about 4,100 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.

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