DOF Group ASA - Project awards in the Atlantic region and contract award in the North America region

22 Dec 2025 07:44 CET

DOF Group ASA ("DOF") is pleased to announce the award of several new contracts
in the Atlantic region.

The contracts will be executed primarily using DOF's regional fleet during the
fourth quarter of 2025 and the first quarter of 2026. In total, the awards
represent more than 250 firm vessel days, excluding any additional options. The
combined contract value exceeds USD 60 million, also excluding optional work.

Skandi Hera and Skandi Master will both be utilised in subsea mode in West
Africa under direct contracts with an operator. Skandi Hera will perform
trenching and burial services, while Skandi Master will be deployed for
commissioning and start-up activities on a tie-back project. Both engagements
are expected to have a duration of up to two months.

Skandi Installer is scheduled for several subsea projects in the North Sea,
covering both the Norwegian Continental Shelf and the UK Continental Shelf. The
vessel will first execute a decommissioning project for a UK operator before
mobilising to a Norwegian operator to install subsea production equipment and
carry out various well-related activities.

Havila Phoenix will be utilised on an IMR project on the Norwegian Continental
Shelf and will also provide support on one of Skandi Installer's projects.
Skandi Installer's commitments total more than 130 firm vessel days, while
Havila Phoenix's commitments account for more than 45 firm vessel days.

Mons S. Aase, CEO of DOF Group ASA, commented: "We are very pleased to see a
strong order intake across the North Sea winter season, highlighting both the
capability of our fleet and DOF's proven project execution expertise in harsh
weather conditions. We look forward to delivering these projects safely and on
schedule, and we thank both our valued repeat clients and new customers for
their continued trust in DOF."

All contracts include project management, logistics, engineering, and offshore
execution scopes, which will be delivered by DOF's teams across Norway and
Scotland.

Furthermore, DOF is pleased to announce the award for multi-year contract in the
North America region for Shell. The contract is defined as Significant,
excluding any variation works.

DOF shall under this contract deliver an integrated solution for Inspection,
Maintenance and Repair services (IMR) including vessel and ROVs for Shell
Trinidad and Tobago Limited.

The contract covers work in 2025, 2026 and 2027 and is for a total of 190 days
across the three years.

DOF defines a Significant contract as a contract with value between USD 15
million and 25 million.

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 offshore/subsea vessels which is combined with strong engineering
capabilities to provide integrated offshore services globally.
www.dof.com

More information:
Access the news on Oslo Bors NewsWeb site

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