DOF Group ASA - Contract award for SURF project

20 Mar 2025 09:03 CET

DOF Group ASA ("DOF") is pleased to announce the award for a SURF project in the
Atlantic region from an undisclosed energy company. The contract is defined as
Very Large, excluding any variation works.

DOF shall under this contract deliver its full suite of project management,
engineering, logistical and execution services to install flexible flowlines,
risers, cables and associated subsea structures. DOF shall also install a
floating production unit on behalf of the client.

The project shall be executed across DOF's offices in Aberdeen and Bergen, and
preparations is already well underway. Offshore execution is planned in second
half of 2025 and is expected to involve six DOF vessels and more than 450 vessel
days. The area of execution is Africa.

Mons Aase, CEO DOF Group ASA, said: "This contract further demonstrates the
confidence energy companies have in DOF to fast-track, manage and execute large
-scale marine operations for the installation of critical production
infrastructure. We are delighted with this award and eagerly anticipate the
opportunity to deliver on this project."

DOF defines a Very Large contract as a contract with value between USD 100
million and 200 million.

For further information, please contact:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64


About DOF

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea
services to the offshore energy industry. The company owns and operates a fleet
of modern vessels which is combined with strong engineering capabilities to
provide integrated services globally.

www.dof.com

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641730_Release.pdf