DOF Group ASA - Service contracts awarded in Brazil

25 Sep 2025 22:26 CEST

DOF Group ASA ("DOF") is pleased to announce the award of three Petrobras
service contracts (PIDF) in Brazil.

The contracts awarded are for execution of subsea inspections as part of
Petrobras' subsea inspection program, supporting the assessment of the integrity
of Petrobras' subsea facilities.

This award is the result of a competitive tender process and marks the third
consecutive contract of this type secured by DOF in Brazil. Over the course of
previous contracts, DOF has successfully and safely completed more than 7,000
inspections, reinforcing its leading position as a trusted partner for Petrobras
in subsea operations.

The three new contracts have a combined value of approximately USD 390 million
and encompass more than 4,000 planned inspections. To deliver on these
requirements, DOF expects to deploy at least three vessels equipped with work
-class ROVs, and one of the vessels specially outfitted and crewed to perform
shallow air diving inspections.

Operations under these contracts, which will be managed in combination, will
cover Brazil's three main offshore basins (Santos, Campos and Espirito Santo)
and are expected to commence in the first half of 2026 for a duration of three
years.

Mons S. Aase, CEO DOF Group ASA, said: "We a thrilled to continue to deliver on
our commitment to excellence and innovation in subsea inspection services for
Petrobras. The inspection-based nature of the contracts as opposed to a day rate
structure offers valued flexibility to our growing fleet in Brazil."

Contact information:
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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