DOF Group awarded multiple contracts with Petrobras

24 Jun 2024 08:49 CEST

We are pleased to announce Petrobras has awarded DOF two long-term contracts: a
Major Contract for the Pipelay Support Vessel (PLSV) Skandi Niterói, and a Very
Large Contract for the Anchor Handling Support vessel (AHTS) Skandi Botafogo.

The Brazilian built and flagged PLSV Skandi Niterói is awarded a 3-year firm
plus option contract commencing in 2025. The vessel is owned by DOFCON Navegação
Ltda., a joint venture between DOF Subsea (50%) and TechnipFMC (50%).

The Brazilian built and flagged AHTS Skandi Botafogo (181t BP), that is
currently contracted by Petrobras until 1Q 2025, is awarded a 4-year firm plus 1
-year option contract commencing in 2025 in sequence to the current contract.
Prior to commencement, the vessel will have a Work Class ROV rated 3,000m
installed on board delivering an AHTS 180t BP + ROV for the same tender as
Skandi Amazonas and Skandi Rio.

Mons S. Aase, CEO DOF Group ASA, said, "We are thrilled to announce both another
award for our PLSV fleet in Brazil and the AHTS contract, which builds backlog
into the 2nd quarter of 2029. These long-term awards demonstrate our unique
position in Brazil."

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 Major Contract as a contract with value between USD 200
million to USD 300 million and defines a Very Large Contract 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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