DOF Group ASA - Four long-term AHTS contracts in Brazil

20 May 2025 08:00 CEST

DOF Group ASA ("DOF") is pleased to announce four long-term charter and service
contract awards with Petrobras in Brazil following a competitive tender process.

Skandi Iguaçu, one of the biggest AHTS vessels ever built in Brazil with a
350mt+ bollard pull ("BP") and large winch storage capacity has been contracted
for 4 years with expected commencement in February 2026 in sequence with its
current contract.

Furthermore, Skandi Angra (280mt BP), Skandi Paraty (288mt BP) and Skandi Urca
(260mt BP) have all been contracted for 4 years with expected commencement in
January 2026 in sequence with their current contracts. The scope for these three
contracts includes work class ROVs rated to operate at water depths of up to
3,000 meters.

The combined value of the contracts is approximately USD 480 million.

Mons S. Aase, CEO DOF Group ASA, said: "We are happy to announce these contract
awards which build backlog into 2030 at solid terms. The contract awards
demonstrate our operational pedigree and reinforce our position as a leading
player within the high-end AHTS vessel segment in Brazil."

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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