DOF Group ASA - Two contract awards in the APAC region

23 Dec 2025 08:06 CET

DOF Group ASA ("DOF") is pleased to announce the award of two contracts in the
APAC region.

The first is for a three-year frame agreement for the provision of subsea
inspection, maintenance and repair services with associated assets in the APAC
region.  A call off under the contract has also been confirmed and will utilise
DSV Skandi Singapore and all related diver-less subsea services on a brownfield
tieback campaign scheduled to be conducted in H1 2026.

The second is for a hook-up campaign which will utilise MPSV Skandi Hercules
with the work also scheduled to be conducted in H1 2026.

Both contracts include the provision of DOF's full suite of in-house project
management, engineering, procurement and logistics support services.  The
combined duration of the two offshore campaigns is estimated to be between 90
and 120 days.  The combined value of the two contract is 'Substantial' which DOF
defines as contracts with a value of USD 25M - 50M.

Mons S. Aase, CEO DOF ASA, comments: "We look forward to delivering safe,
efficient, world class subsea and marine services, further enhancing our
reputation as a trusted partner in the APAC region".

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

662774_Release.pdf