DOF Group ASA - Subsea construction, mooring, disconnection of existing FSO and connection of replacement FSO contract with TotalEnergies

01 Jul 2026 13:49 CEST

DOF Group ASA ("DOF") is pleased to announce the award of a Large* subsea
construction, mooring, disconnection of an existing FSO and connection of a
replacement FSO contract to its Atlantic region by TotalEnergies for its FSO
Unity Replacement Project.

The scope of work includes engineering, transportation and installation of
mooring systems, together with associated subsea construction activities. The
project will draw on DOF's integrated capabilities across project management,
engineering and offshore execution, utilising its modern fleet and experienced
personnel. Four vessels will be deployed on the project, totaling approximately
330 vessel days. Offshore execution is planned for Q4 2027 and Q1 2028.

Project management and engineering activities will commence immediately from
DOF's offices in Aberdeen, Scotland, and Bergen, Norway.

Mons S. Aase, CEO of DOF Group ASA, commented:
"We are pleased that our Atlantic region has been awarded this important
contract by TotalEnergies. The contract reflects DOF's strong track record in
delivering complex mooring and subsea construction projects safely and
efficiently, supported by our integrated service offering and experienced teams.
It represents a significant addition to DOF's backlog and further strengthens
our long-standing relationship with TotalEnergies."

DOF defines a Large contract as a contract with value between USD 50 and 100
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

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