DOF Group ASA - Seven contract extensions in Brazil

18 Dec 2025 07:53 CET

DOF Group ASA ("DOF") is pleased to announce seven new contract extensions in
Brazil.

Five of DOF's Brazilian-flagged AHTS vessels, all with ROVs on board: Skandi
Fluminense, Skandi Paraty, Skandi Angra, Skandi Urca and Skandi Iguaçu, have had
their current contracts with Petrobras extended until Q1 2027.

The new 4-year contracts for the five vessels that were signed and announced in
May-June 2025 with original planned commencement in Q1 2026 have had
commencement postponed until Q1 2027 with all other terms and conditions
unchanged, meaning that the new contracts will run until Q1 2031.

Petrobras and DOF have in addition agreed to extend the two current RSV
contracts for the vessels Skandi Chieftain and Skandi Olympia with new duration
until the end of 2026. Commencement of the new 4-year contracts for Skandi
Chieftain and Skandi Olympia signed and announced in October 2025 will thus be
postponed until the start of 2027.

The seven contract extensions add more than USD 160 million to DOF's backlog.

Contact information:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone + 47 94 83 64 64

More information:
Access the news on Oslo Bors NewsWeb site

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