DOF Group awarded multiple contracts in Brazil

19 Jul 2024 09:00 CEST

DOF is pleased to announce multiple contract awards with Petrobras and a 1st
Tier EPCI-SURF Contractor in Brazil.

AHTS Skandi Jupiter and AHTS Skandi Mercury, both under management contracts
with DOF, have been contracted by Petrobras to operate as AHTS 230t BP after the
same competitive tender process earlier this year that led to the contract of
Skandi Amazonas, Skandi Rio and Skandi Botafogo.

Both Skandi Jupiter and Skandi Mercury are currently operating in the North Sea
region and are planned to be mobilized to Brazil after modifications to comply
with Petrobras requirements. Both contracts, with 3-year durations plus options,
are scheduled to start by 2Q or 3Q 2025 but can be adjusted by mutual agreement.

Also in Brazil, Skandi Salvador, a Brazilian built and flagged MPSV equipped
with 140t AHC crane and two WROVs, was chartered by a 1st Tier EPCI-SURF
Contractor for a 180-day firm period plus options, to support their operations
at Petrobras Pre-Salt fields developments. Contract commencement is
immediately.

Skandi Salvador is currently operating for Petrobras at Libra as a MPSV with
redelivery scheduled for the beginning of August. Geoholm has started the
contract as a front runner until Skandi Salvador is released from her current
commitments.

In parallel with the charter contract, the 1st Tier EPCI Contractor also awarded
a Survey Services contract on board of both vessels to DOF Subsea Brazil.

Mons S. Aase, CEO DOF Group ASA, said, "We are pleased to announce several new
contracts in our region Brazil. With Skandi Jupiter and Skandi Mercury we are
expanding our fleet and further increasing our footprint in the AHTS segment in
the region. With Salvador and Survey Services Contracts we are expanding our
client base and reinforcing our position on Survey Services 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

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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